Short term trend: Bearish
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.4070
Kijun-Sen level: 1.4094
Ichimoku cloud top: 1.4144
Ichimoku cloud bottom: 1.4183
EUR/CAD has retreated after making high of 1.4167 and overall trend is weak as long as support 1.4175 holds.
The break above 1.4175 would extend gain to 1.4210/1.4270 in short term. Minor support is around 1.4000 and break of will take the pair to 1.3880.
Intraday trend reversal only above 1.4130.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/CAD around 1.4075-80, SL 1.4130, Targets 1.4000/1.3880
Ichimoku analysis (1 Hour chart):
Tenkan-Sen level: 1.4070
Kijun-Sen level: 1.4094
Ichimoku cloud top: 1.4144
Ichimoku cloud bottom: 1.4183
EUR/CAD has retreated after making high of 1.4167 and overall trend is weak as long as support 1.4175 holds.
The break above 1.4175 would extend gain to 1.4210/1.4270 in short term. Minor support is around 1.4000 and break of will take the pair to 1.3880.
Intraday trend reversal only above 1.4130.
Indicators
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell
Recommendation: Sell EUR/CAD around 1.4075-80, SL 1.4130, Targets 1.4000/1.3880