LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

EURCAD falling inside impulse wave (3); Likely to reach support level 1.44500

EURCAD has been falling strongly in the last few trading sessions inside the impulse wave (3), which started recently from the resistance area lying between the multi-month resistance level 1.47000 (which has been steadily reversing the price from September), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from August. Given the rising bullish Canadian dollar sentiment seen across the markets today, EURCAD is likely to extend the losses toward the next support level 1.44500 (which has been reversing the price from October).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.