Chart - Courtesy Trading View
Technical Analysis: Bias Bullish
GMMA Indicator
- Minor trend has turned strongly bullish
- Major trend has turned bullish on the intraday charts
Ichimoku Analysis
- Price action has confirmed breakout above the daily cloud
- Chikou span is biased higher, raising scope for further gains
Oscillators
- Stochs and RSI are sharply higher, RSI is above 60 level
- Momentum is strongly bullish
Bollinger Bands
- Bollinger bands are wide spread, suggesting high volatility
Major Support Levels: 1.4459 (110-EMA), 1.4366 (55-EMA), 1.4279 (200H MA)
Major Resistance Levels: 1.4600 (converged 50% Fib and 200-DMA), 1.4646 (Dec 20 2021 high), 1.4716 (61.8% Fib)
Summary: EUR/CAD trades with a strong bullish bias, on track to test 200-DMA at 1.46.
