EURCAD - Mid-term long, into a long term short.
Based on the long-term market structure, we're showing signs of Divergence on the MACD indicator. Also nearing the tops of the channel. We're uptrending for the next months, but the price should start to reverse once it reaches close to ATH levels.
Unless something changes, we'd have to re-visit the chart. But until that happens, this is my outlook.
Unless something changes, we'd have to re-visit the chart. But until that happens, this is my outlook.
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