EURCAD (Ichimoku Kinko Hyo analysis)
Weekly chart:
Span B flat, span A down, Kumo down
Kijun down,Chiko below candles
=> Weekly down momentum
Daily:
Kumo flat
Kijun, Tenkan overlap
BB is squeezing
=> More likely to go down (60% down- 25% range - 15% up)
IF the price break support, the downtrend may continue until next Kihon Suchi (26 Aug)
Span B flat, span A down, Kumo down
Kijun down,Chiko below candles
=> Weekly down momentum
Daily:
Kumo flat
Kijun, Tenkan overlap
BB is squeezing
=> More likely to go down (60% down- 25% range - 15% up)
IF the price break support, the downtrend may continue until next Kihon Suchi (26 Aug)
Comment:
Although the target did not reach. However, price broke support and continued to downtrend till 26 Aug as expected