EURCAD bottomed long-term. 1 year rise ahead.

Feb 2, 2022

EURCAD has one of the most stable and consistent patterns in forex on the long-term. Since 2013 it is trading within a hyperbolic channel posting aggressive 1 year rallies followed by steadier +1.5 years corrections in the form of Channel Down sequences.

At the moment the price is trading at the lowest level it has been since early April 2017 and the closest to the bottom of the hyperbola. I am turning bullish on this pair long-term, expecting a 1 year rally towards the top of the hyperbolic pattern, with an early estimate being 1.55000.


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