EURCAD - Prolonged Accummulation phase
Price seemed trapped between Daily resistance and Monthly support for a long time now. It tried to break to South only to be rejected fiercely by buyers demand. However there are not enough sellers afterwards that bring the price back down.
Breakout to North seems more probable than going further to South in the outer channel (white line). Get ready for it.
Breakout to North seems more probable than going further to South in the outer channel (white line). Get ready for it.
Note
Price is still trapped between Daily resistance and Monthly support. Strong bearish power preventing price from going up. Breakout to North following Weekly channel is still to be expected.
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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.