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EURCAD is moving in uptrend line and market has rebounded from the higher low area of the pattern
After the confirmation of the Upward movement, the EURCAD Buy signal was given.
EURCAD buy signal reached the take profit target successfully
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After the confirmation of the Downward movement, the EURCAD Sell signal was given.
EURCAD Sell signal reached the take profit target successfully.
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EURCAD is moving in an Ascending channel by forming higher highs, higher lows in the 1-hour timeframe chart
EURCAD has breached the previous lower support level within the minor ascending channel, triggering the stop-loss price. Nevertheless, there remains a possibility for EURCAD to experience a resurgence following a retest of the support zone.
Reason Owing to a succession of economic news events, such as those listed below, the market is currently devoid of significant technical fluctuations.
Eurozone Services Purchasing Managers Index (PMI)
Germany Services Purchasing Managers Index (PMI)
France Services Purchasing Managers Index (PMI)
EU Leaders Summit
Eurozone Trade Balance
Eurozone Wages YoY
Exercise patience and await a strong signal for the next favorable trading opportunity.
Our priority is to ensure your safety while trading in all market conditions.
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EURCAD is retesting the broken descending channel in the 4-hour timeframe chart
After the confirmation of the Upward movement, EURCAD Buy signal was given.
EURCAD buy signal reached the take profit target successfully.
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