BUY EURCAD 1.4786
SL: 1.4756
TP1: 1.4806
TP2: 1.4826
TP3: 1.4846
Signal Analysis by LCMS Traders
Currency Pair: EURCAD
BUY EURCAD 1.4786
Timeframe: H1
Step 1 - Previous News: EUR: Eurozone economic growth forecast for 2021 and 2022 upwards, Inflation revised upwards, CAD: Ivey PMI data increase in the pace of expansion
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: touch
- MACD: both up
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: EUR: -, CAD: -
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