EWC the Canada ETF is bullish
EWC – the iShares MSCI Canada ETF – is in a strong uptrend for more than a month. What’s more, since the beginning of January, EWX moved above its 50- day exponential moving average and broke above the lower blue resistance line.
Since then EWC is moving between its 10- day exponential moving average and the upper Bollinger Band.
As a verification of this uptrend, MACD is in a bullish mode above its signal line.
Just as important, during this period, EWC’s Relative Strength has been moving up and above its 20- day exponential moving average.