EURCAD - Bearish Bias
EUR - Weak Bearish
1️⃣ A comment from European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases.
CAD - Strong Bullish
1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher.
2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate hikes starting in the second half of 2022.
3️⃣ Rising oil prices underpinned the CAD.
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Technical
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We are selling the EURCAD at SBR + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ A comment from European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases.
CAD - Strong Bullish
1️⃣ A ramp-up in global vaccination efforts and a strong economic recovery could push the loonie higher.
2️⃣ The Canadian central bank is expected to keep its current guidance on interest rate hikes starting in the second half of 2022.
3️⃣ Rising oil prices underpinned the CAD.
=====
Technical
=====
We are selling the EURCAD at SBR + below SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Transaction en cours
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.
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.