TGIF Ladies and Gentlemen,
Finally we have come to the last day of January. A time to check out our January performance and probably make some adjustments.
Let’s hit the charts and check out the first analysis for the month of February.
1. EUR/CAD
EUR/CAD was analysed on our Wednesday analysis.
Finally the bulls have given up and price has finally broken out off the support level 1.50664.
If the present daily candlestick closes below the present support level, we should be seeing the bears taking price to the next possible support level (1.49121).
Let’s not forget that it’s a Friday and price movements may be unpredictable, so, trailing your profits may come a little handy.
That’s all for our daily analysis for the week, catch us again on Sunday, where we will dissect the market for the week.
