EURCAD move to 1.3817
Observations
1. Price broke a long term up trend line on July 2nd 2014 and has since been dropping.
2. The 1.618 Fib extension for the latest down swing is around 1.3817
3. Hidden divergence is seen (Price made a lower high while stochastic made a higher high)
4. The 100EMA seems to be giving good resistance to price
5. Stochastic is in the over-bought area hence a move lower is expected
6. Multiple missed monthly pivots exist below price
Expectations
- I expect price will move down in the coming days to 1.3817 area
- Pips from current price level = 560 pips
1. Price broke a long term up trend line on July 2nd 2014 and has since been dropping.
2. The 1.618 Fib extension for the latest down swing is around 1.3817
3. Hidden divergence is seen (Price made a lower high while stochastic made a higher high)
4. The 100EMA seems to be giving good resistance to price
5. Stochastic is in the over-bought area hence a move lower is expected
6. Multiple missed monthly pivots exist below price
Expectations
- I expect price will move down in the coming days to 1.3817 area
- Pips from current price level = 560 pips
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.