EURCAD Deep crab Bossy move
Technical side is pretty decent where price rejected from EMA 55 and 200 plus tested several times on Bat 61.8 TP could not close above.
Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue!
if we go up to weekly chart, a long period of consolidation, if this week closed big bearish good to go .
Fundamental side, Since ECB trying to cut their rate due to some reasons, I strongly believe that CAD is gonna be the dominance throughout others.
DXY is heading to that Daily butterfly D point. AUD NZD heavily depended on Chinese economy which only if trade talk have some positive progress, otherwise, it may consolidate for a long time.
GBP uncertant Brexit drives investor's fear and JPY is way overbought with an uncut rate .
Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue!
if we go up to weekly chart, a long period of consolidation, if this week closed big bearish good to go .
Fundamental side, Since ECB trying to cut their rate due to some reasons, I strongly believe that CAD is gonna be the dominance throughout others.
DXY is heading to that Daily butterfly D point. AUD NZD heavily depended on Chinese economy which only if trade talk have some positive progress, otherwise, it may consolidate for a long time.
GBP uncertant Brexit drives investor's fear and JPY is way overbought with an uncut rate .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.