EUR/CAD Analysis: Daily Zones and Cautions Short
Euro Fx/Canadian DollarFXCM
Description
⋅
Traders,
Let's assess EUR/CAD's daily zones and accompanying considerations:
Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions.
Monthly RSI: Suggests a range zone, indicating potential stability.
Weekly RSI: Indicates a potential bearish move, urging caution regarding long trades.
Daily RSI: Signals more bearish days ahead, reinforcing the need for caution.
Daily Chart: Presents a bullish channel, providing a potential avenue for upward movement.
1-Hour Chart: Identifies a buy zone around a broken level and a sell zone near the supply zone.
Be mindful of these dynamics and ensure thorough analysis before entering trades.
Best regards,