EURCAD Approaching Resistance, Potential Reversal!
EURCAD is approaching its resistance at 1.5218 (61.8% Fibonacci extension, 50% Fibonacci retrcement, horizontal swing high resistance) where it is could reverse down to its support at 1.5047 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.