Eurcad is downtrending Oil is Up which is empowering the Canadian dollar. As we said in our precedent analysis of this pair, the precedent upward trend might have been a chase for stop and maybe there could be a reintegration of the canal. Look for sell setup when the price goes toward the resistance. Look for fundamental news also which are very important.
So...
Gold has a correction which fell quite rapidly beware that support could break wait for a clear upward wave trend before you BUY it.
The dollar index was also having a corrective move and is ready for the next uptrend.
No matter the position Beware wait for a clear bearish or Bullish (Dayly candle)
I think this upward move was a chase of stop losses the price can go down and reintegrate the trend. I will sell EURCAD if the support line is broken and if we get rid of the level 1.52.
