EURCAD analysis on dated 26-8-2019

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 day moving average’s [Respectively at 1.48090 and 1.48090)

Type: Intraday analysis

Recommendation: Buy/Buy limit @ 47200 Target: 60 pips