The pair has made contact this week with the 1M Support at 1.44400, which has been holding since July 2017. 1D has turned neutral again (RSI = 52.238, STOCH = 47.643, Highs/Lows = 0.0025) for the first time since mid August and 1W is following (RSI = 42.682, Highs/Lows = 0.0000). The Resistance Levels on 1W and long targets are 1.50000 and 1.52000.
Note also that by touching 1.44400, EURCAD has also made contact with the Higher Low trend line since 2012 (see the chart below), which is a major buying accumulation level. This further solidifies the current bullish perspective.
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Note also that by touching 1.44400, EURCAD has also made contact with the Higher Low trend line since 2012 (see the chart below), which is a major buying accumulation level. This further solidifies the current bullish perspective.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Disclaimer
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.