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EUR/CAD Trading Analysis (17/08/2023)

17.08.2023

Market Review

The trend is ascending. The downward truncated wave structure finished with the breach of the sloping channel. The currency pair is traded in the range between 365 and 135 ЕМА. The Stochastic Oscillator signals the oversold state.
 

EUR/CAD Price Chart as of 17/08/2023 with technical indicators

Trading idea:

By at 1.4721.

Stop-Loss: 1.4698.

Target price levels: 1.4757, 1.4800.

#eurcad #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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