Assalamu alaikum everyone.First week of February is showing extreme volatile conditions.Currency instruments are showing very nice trends.Today Canadian dollar related Unrmploument change report should make Canadian dollar more stronger.
We know that from yesterday Euro is weakening,let's analyze the four-hour diagram. Tenkan-sen line is beneath Kijun-sen, the red line is croosing downwards, while the blue one remaining parts flat. Confirmative line Chikou Span is crossing the value of eur/cad from beneath, current cloud is rising. The tool has been amended to the Tenkan-sen line. One of the past essentials of Chikou Span line is required to be a help level (1.5359). One of the past maximums of Chikou Span line is relied upon to be an opposition level (1.5415).
On the day by day outline Tenkan-sen line is beneath Kijun-sen, the lines are level . Confirmative line Chikou Span is over the value of eur/cad, current cloud is rising, but the instrument is falling because of cad strength. The instrument is falling underneath Tenkan-sen and Kijun-sen lines; the Bearish pattern is as yet solid. One of the past essentials of Chikou Span line is required to be a help level (1.5294). One of the past maximums of Chikou Span line is required to be an opposition level (1.5503).
On the four-hour diagram we can see an adjustment of the descending development. On the day by day diagram we can see an amendment of the descending development. It is prescribed to open short situations at current cost with the objective at the degree of past least of Chikou Span line (1.5224) and Stop Loss at the lower line of the cloud (1.5430).
We know that from yesterday Euro is weakening,let's analyze the four-hour diagram. Tenkan-sen line is beneath Kijun-sen, the red line is croosing downwards, while the blue one remaining parts flat. Confirmative line Chikou Span is crossing the value of eur/cad from beneath, current cloud is rising. The tool has been amended to the Tenkan-sen line. One of the past essentials of Chikou Span line is required to be a help level (1.5359). One of the past maximums of Chikou Span line is relied upon to be an opposition level (1.5415).
On the day by day outline Tenkan-sen line is beneath Kijun-sen, the lines are level . Confirmative line Chikou Span is over the value of eur/cad, current cloud is rising, but the instrument is falling because of cad strength. The instrument is falling underneath Tenkan-sen and Kijun-sen lines; the Bearish pattern is as yet solid. One of the past essentials of Chikou Span line is required to be a help level (1.5294). One of the past maximums of Chikou Span line is required to be an opposition level (1.5503).
On the four-hour diagram we can see an adjustment of the descending development. On the day by day diagram we can see an amendment of the descending development. It is prescribed to open short situations at current cost with the objective at the degree of past least of Chikou Span line (1.5224) and Stop Loss at the lower line of the cloud (1.5430).
تبصرہ
Расширенный режим Обычный режим