EURCAD is continuously downtrending, near previous support level
Comment:
EURCAD Daily timeframe shows downtrend by Ichimoku. However the market is near previous support level.
Ichimoku Trend Analysis:
- Kumo (Senko span A) down
- Kijun sen down
- Chiko span below candles
Next Scenario:
Market is in downtrend as per above Ichimoku trend confirmation but very close to the previous support level of 1.4262 from Feb 2020. There is a potential breakout as long as Kumo and Kijun sen are down but need to watch out for a push back. To be safer, better to wait for a breakout and enter trades.
EURCAD Daily timeframe shows downtrend by Ichimoku. However the market is near previous support level.
Ichimoku Trend Analysis:
- Kumo (Senko span A) down
- Kijun sen down
- Chiko span below candles
Next Scenario:
Market is in downtrend as per above Ichimoku trend confirmation but very close to the previous support level of 1.4262 from Feb 2020. There is a potential breakout as long as Kumo and Kijun sen are down but need to watch out for a push back. To be safer, better to wait for a breakout and enter trades.
Forex Kei
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KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Forex Kei
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Official Website: forex-kei.com
Global Trading School: forex-kei.com/?page_id=2855
KTS Academy: keistradingstrategy.com
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.