Kumowizard

Where is the strength?

FX:EURCAD   Euro / Canadian Dollar
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- Ichimoku has bearish bias, but since 16/February momentum and strength has disappeared.
- It seem 1,38+ is a very hard resistance for this pair
- Heikin-Ashi shows consolidation. haOscillator is above center line.haDelta+ is also flat, slightly below center line
- EWO is bearish
- MACD is below zero, but flat. May cross up --> lack of momentum, consolidation signal

There is some chance that EURCAD will fail to continue bearish , instead market is building a bullish wedge . Watch upper key levels:

1,40 ( trendline ) / 1,4046 (Kijun Sen) - 1,4075 (forward Senkou B)

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