Euro / Dólar CanadenseViés de alta
Is EURCAD ready to stage a massive recovery?
We saw EURCAD massively rally from the 1.3000 monthly support level to 1.3600 and close extremely bullish on the monthly chart, showing a clear candlestick reversal pattern after a significant drop in recent months.
We've since seen a pullback to retest the broken resistance, now support, around 1.3400 with the potential to head lower towards the liquidity pool area around 1.3330, which we reached yesterday.
The market found last buyers and aggressively rejected off the liquidity pool area as expected. On the daily chart, we saw the daily candle close as a bullish hammer, potentially signaling the reversal to continue up. We also saw rejection off the 38.2% fib level, which adds confluence for the upside.
Could we see a continuation up and a second leg towards 1.3750?
We've since seen a pullback to retest the broken resistance, now support, around 1.3400 with the potential to head lower towards the liquidity pool area around 1.3330, which we reached yesterday.
The market found last buyers and aggressively rejected off the liquidity pool area as expected. On the daily chart, we saw the daily candle close as a bullish hammer, potentially signaling the reversal to continue up. We also saw rejection off the 38.2% fib level, which adds confluence for the upside.
Could we see a continuation up and a second leg towards 1.3750?
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Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.