EURCAD Possible continuation to the downside, if price fails to break above the 50EMA.
I strongly believe in the Power of Moving Averages as to determine the trend direction and by looking at the daily moving averages, we are currently still in an uptrend.
Looking at the H4 TF the moving average are all over the place so We might see a small correction to the upside before or to the downside depending on the move of the market this week
If price fails to break and close above the 50EMA, then we could continue a short term move down.
🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫
This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky, and carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results.
Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets!
Hit the Like button if you agree with my idea!
I strongly believe in the Power of Moving Averages as to determine the trend direction and by looking at the daily moving averages, we are currently still in an uptrend.
Looking at the H4 TF the moving average are all over the place so We might see a small correction to the upside before or to the downside depending on the move of the market this week
If price fails to break and close above the 50EMA, then we could continue a short term move down.
🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫
This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky, and carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results.
Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets!
Hit the Like button if you agree with my idea!