EURCAD: Likely to break out
The price has been on a channel for a while. As we can see, it tested inside the channel several times, however, still no breakout.
And the volume went down, which means the buyers and sellers are all unconfident. The Bollinger Bands shrunk, which means the big fluctuation would be in the near future.
The MACD just went through a dead cross. And the RSI is in a downward trend.
The situation is a little bit confused, let’s wait for more signals.
And the volume went down, which means the buyers and sellers are all unconfident. The Bollinger Bands shrunk, which means the big fluctuation would be in the near future.
The MACD just went through a dead cross. And the RSI is in a downward trend.
The situation is a little bit confused, let’s wait for more signals.
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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.