Forex Week #24

4EURCAD

Candlestick-Pattern: Morning-Star (Wednesday)

Seasonal: 57% up, 159 pips up, 100 pips down.

COT-Data-Analysis

CAD is strong with a reading of 99 on the index on all timeframes when looking at the commercials. Also the WILLCO is quite strong and above 90. EUR is weak with a reading of 0 on all timeframes regarding COT-index and WILLCO.

Conclusion:

EURCAD is going to drop – Placing a sell-limit at 1.5270 and a sell-stop at 1.5095

 

TEILEN