InsideMarket
Long

EURCAD - 4th wave correction for a bearish ending diagonal

FX:EURCAD   Euro Fx/Canadian Dollar
a year ago
EURO/CADDIE comes all the way down and seems to reach a bottom for now.
MACD indicator shows divergence of movement: prices go down and the indicator goes up.

About the ending diagonal , it is expected five waves down projecting price to $1.39~ in medium-term. All this bearish movement since late August is a consolidation. When it comes to an end, it may trigger some serious bullish momentums.

Happy trading!

____________________________
For TRADE SIGNALS and TRAINING please, send me a Private Message, Email ((insidemarketfx@gmail.com)) & Skype (@insidemarket168)
a year ago
Comment: Analysis still valid. Price lays at support (not on chart) similar to the falling wedge at EURUSD.

EURUSD - Falling wedge with MACD divergence EURO/DOLLAR.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out