BUY EURCAD 1.5027
SL: 1.4997
TP1: 1.5047
TP2: 1.5067
TP3: 1.5087
*Trading conditions may differ between account types and brokers.
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
Timeframe: H1
Step 1 - Previous News: EUR: ECB held its monetary policy unchanged, EPP & APP will still continue, CAD: -
Step 2 - Trend: Down, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 turning up
- PSAR: bearish
Step 5 - Upcoming News: EUR: French flash PMI 1515hrs, German Flash PMI 1530hrs, Eurozone flash PMI 1600hrs, CAD: -
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