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Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • EUR/CAD Technical Outlook - 1 0 comments
    Oct 2, 2013 1:04 AM

    In this currency pair we are witnessing a fading buying pressure for the second time which increases chances for another plunge. After the recent sharp decline, having such a slow-paced corrective rise make us hopeful that another leg down is likely. Our trigger will be the breaking of the lower band of the 'ending diagonal' pattern to the downside.

    (click to enlarge)

    Themes: EUR/CAD
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