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ForexKei-Official

EURCAD bearish in Daily timeframe

Short
Euro / Canadian Dollar (FX:EURCAD)  
ForexKei-Official  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Technical Indicators forexkei Ichimoku Cloud ichimokukinkohyo EURCAD
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trendanalysis indicator forexkei ichimokuclouds ichimokukinkohyo eurcad
Comment:

EURCAD Daily timeframe shows downtrend by Ichimoku confirmation.

Ichimoku Trend Analysis:

- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles

Next Scenario:

Market could retrace soon as Kumo is very thin and market is at the previous support level. Better wait for the breakout to look for a selling edge.
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EURCAD downtrend by Ichimoku and channel
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