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Forex technical analysis: EURCAD pushes above 200 hour MA. Stays above...

Discussion in 'Technical Analysis' started by ForexLive, Dec 1, 2015.

  1. ForexLive

    ForexLive Forum Member

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    We've been here before but new breaks give potential for new hope... SPECIAL REQUEST from Rocco: ""What do u think the EURCAD...?" Yesterday and on Friday, the 200 hour MA stalled rallies (see blue circle 1 and 2). That pattern gives buyers something to now lean against - what was resistance now becomes support. So buyers are trying to take control. Now, the pair has moved above the 200 hour MA in the past. In fact, this is the 4th time in the last 9 trading days the MA has been crossed. The three others failed.

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