The EURCAD pair is showing clear signs of exhaustion in its bullish trend on the monthly chart, with an overextended price that has already liquidated a significant high. Futures market analysis confirms the accumulation of short positions, suggesting a potential bearish movement driven by institutional players. On the daily chart, the price has shifted to a clear downtrend.
Technical Analysis:
🔹 Monthly Chart:
The price has reached overextended levels, signaling a possible reversal.
A key high has been liquidated, indicating potential demand exhaustion.
🔹 Futures Market Data:
Short positions are accumulating, showing that major market participants are positioning for a bearish move.
Commercial market conditions reflect a weakening bullish sentiment.
🔹 Daily Chart:
Structural change confirms a bearish trend.
Possible selling opportunities on pullbacks to recent resistance levels.
Technical Analysis:
🔹 Monthly Chart:
The price has reached overextended levels, signaling a possible reversal.
A key high has been liquidated, indicating potential demand exhaustion.
🔹 Futures Market Data:
Short positions are accumulating, showing that major market participants are positioning for a bearish move.
Commercial market conditions reflect a weakening bullish sentiment.
🔹 Daily Chart:
Structural change confirms a bearish trend.
Possible selling opportunities on pullbacks to recent resistance levels.
Trade closed: stop reached
Wiiso
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.
Wiiso
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.