Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.4081
Kijun-Sen level: 1.4071
Ichimoku cloud top: 1.3994
Ichimoku cloud bottom: 1.4062
EUR/CAD has retreated after making high of 1.4169 and overall trend is weak as long as support 1.4175 holds.
The break above 1.4175 would extend gain to 1.4210/1.4270 in short term. Minor support is around 1.4000 and break of will take the pair to 1.3850.
Short term reversal only above 1.4175.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/CAD around 1.4065-70, SL 1.4175, Target 1.3880.
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.4081
Kijun-Sen level: 1.4071
Ichimoku cloud top: 1.3994
Ichimoku cloud bottom: 1.4062
EUR/CAD has retreated after making high of 1.4169 and overall trend is weak as long as support 1.4175 holds.
The break above 1.4175 would extend gain to 1.4210/1.4270 in short term. Minor support is around 1.4000 and break of will take the pair to 1.3850.
Short term reversal only above 1.4175.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/CAD around 1.4065-70, SL 1.4175, Target 1.3880.