2016-03-24_00-08-05eurcad

Dear Sirs,

Just a quick analysis today on the eurcad.

Price is on the daily chart at support. Price seems confortable at this level now for quite some days.

 

2016-03-24_00-22-11eurcad1

If you think like a bull then you note that it will be necessary to wait for the stochastik to come back to the 20% level before going long as long at the level of support holds.

If it breaks while the oscilator comes around then any bullish trade idea is invalidaded.

But if a bull then we want to buy from support.

Thanks to all and BEST OF PIPS

One thought on “EURCAD at Support”

  1. Eric Merejo says:

    Thank you for the analysis. I’ll keep on eye on that pair for the possible long opportunity.

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