EURCAD Drops Back!

Good afternoon ladies and gentlemen

I hope it's been a great week so far. Yesterday was a rather warm and beautiful day in London but that warmth has disappeared ratherly quickly. Surprise surprise! Atleast the sun is still out so we should be grateful I suppose!

So with NFP out at the end of the week, we should expect little movement in preparation for this. On my last update, price had been doing a pretty steep pull back but as I mentioned with clever management you should still find yourself in this trade. Not only that, you should find that price has now fought back and that the market has given back to you the profits that were wiped and more! Below is the Daily chart and we can see the huge drop on Monday and also on Tuesday before price rebounded at the RN. Yesterday's bar ended up being a reversal candlestick but the market has continued to give out some profit today although very little! We should probably expect another quiet day tomorrow for the news out on Friday but as always what the market does next is anyone's guess!



Looking at the indicators, Stochastics and the VI is still looking good!

I will leave you to do your own analysis!

"Believe in yourself - and remember that I believe in you, too!"

Total abundance is our Birth Right.

Zaheer Anwari