EURCAD analysis on dated 22-8-2019

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 day moving average’s [Respectively at 1.47380 and 1.47460] Finally, the EUR/CAD is trading above its upper Bollinger band (standing at 1.47510)

Type: Intraday analysis

Recommendation: Buy/ Buy limit @ 1.47400 target: 60 pips