Wikiwicks

EURCAD fundamentally bullish

Alış
FX:EURCAD   Euro / Kanada Doları
#EURCAD:

(1D):
Last swing low confirmed that the triangle was actually a falling wedge, which converged with the 200 EMA, still confirming the overall uptrend.

Here fundamental role plays around OIL prices. With Biden victory, we might see covid restrictions implemented, with a decrease of transports. This would mean falling oil prices (currently downtrending).

(4H):
Last price action is very choppy right above the wedge bottom. However, the price started making HH and HL so the bullish structure is confirmed.

(1H):
Following the higher timeframe structure, we are waiting for a clear bullish continuation pattern before going long.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.