Description:
The counter EURCAD started moving upwards and form an ascending channel. Since the price is maintaining in the channel and it is still moving upwards. The previous entry of the counter was at the bottom line of the channel at the price1.5369.The formation of the ascending channel indicates the buying mode of the market. The bullish trend may continue further. The MACD indicator curves give additional support to the description.
The major levels for this counter is
R2 –1.5430
R1 –1.5409
PP –1.5392
S1 –1.5371
S2 –1.5354
The counter EURCAD started moving upwards and form an ascending channel. Since the price is maintaining in the channel and it is still moving upwards. The previous entry of the counter was at the bottom line of the channel at the price1.5369.The formation of the ascending channel indicates the buying mode of the market. The bullish trend may continue further. The MACD indicator curves give additional support to the description.
The major levels for this counter is
R2 –1.5430
R1 –1.5409
PP –1.5392
S1 –1.5371
S2 –1.5354