EURCAD Lower
I like EURCAD lower here
2 year yield differentials for EURCAD are pointing lower, EURCAD has been following this fairly closely - i think it should continue lower with the BoC somewhat matching the feds hiking pace and the ECB still looking to start theirs.
Europe also has a lot of potential issues to deal with in their economy as well due to rising energy prices and geopolitical uncertainty while Canada is benefitting from a strong terms of trade on the back of rising energy prices.
nice triple top on a key resistance area so this should help support the downside.
Not trading/investment advise, feedback welcome!
2 year yield differentials for EURCAD are pointing lower, EURCAD has been following this fairly closely - i think it should continue lower with the BoC somewhat matching the feds hiking pace and the ECB still looking to start theirs.
Europe also has a lot of potential issues to deal with in their economy as well due to rising energy prices and geopolitical uncertainty while Canada is benefitting from a strong terms of trade on the back of rising energy prices.
nice triple top on a key resistance area so this should help support the downside.
Not trading/investment advise, feedback welcome!
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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.