Technical Analysis – EURCAD undecided after pullback from 2-year high
Posted on March 27, 2020 at 12:44 pm GMTEURCAD is currently trading between the 50-period simple moving average (SMA) and the lower Bollinger band, with directional momentum evaporating. The consolidation of the price comes after a drop from the 2-year high of 1.5991. Backing this neutral view is the squeeze in the Bollinger bands and the convergence within the 50- and 100-period SMAs. Moreover, the technical oscillators suggest a neutral market for now, with dried up momentum. The RSI is flirting with its neutral mark, while the MACD [..]