MOB Ahead

The Euro Canadian Dollar looks to have broken out a few days ago but the MOB is not to far ahead. Divergence longer term and shorter term should be noted. The weekly has similar characteristics.

The upside is this currency is well in to our buy zone so from a price perspective this looks good for a continuation. If we b&c below 1.5000 then further weakness maybe seen.


Chart courtesy of Advanced Get. Data provided by eSignal.

Forex Analysts
Anne Chapman & Javid Shaik