USDCAD’s downward move from 1.0672 extended to as low as 0.9979 level. Deeper decline towards 0.9930 previous low is still possible next week. Resistance is at 1.0235, as long as this level holds, downtrend will continue.
USDCAD The CAD continues to gain on the USD, just 100 pips away from parity. The pair recently bounced several times off of the 50-period EMA on a weekly chart. Over the past few years, the 50...
Being supported by the trend line from 1.0138 to 1.0107, USDCAD rebounded from 1.0062, suggesting that a cycle bottom is being formed on daily chart, key resistance is at 1.0235, a break above this level will confirm...
Oil: The faster the time frame the greater the relative volatility appears to be. On the chart below we use a monthly tenor. A Wedge pattern present itself which suggests that price is readying itself for a...
GBPUSD: The GBP hit just south of 1.60 nearly 2 months ago and has not been back there since. The GBP closed Friday at the most recent highs, or near term Resistance at 1.5835.
After a sideways movement in a range between 1.0191 and 1.0378, USDCAD breaks below 1.0191 support, suggesting that the downward move from 1.0672 has resumed. Further decline is expected next week and next target would be at...
EURUSDThe pair is finding difficulty in surpassing 1.3680 yet still within the minor ascending channel above. We expect the intraday upside wave to continue today targeting the main resistance for the bullish channel at 1.3810. Breaching areas...
EURUSDThe pair yesterday continued fluctuating above 1.3600, although negative signs are appearing on momentum indicators. A rising wedge pattern has a ppeared with a broken support level. This points out that some minor bearish movement is required to retest 1.3500 before continuing the expected...
EURUSDThe pair inclined strongly, breaching 1.3500 to activate yesterday’s scenario and now the overbought signs are appearing on momentum indicators. We expect a retest of the breached level before resuming the expected bullish intraday trend. The technical targets start at 1.3700...
EURUSDThe pair is moving within a sideways range between 1.3420 and 1.3500, where Stochastic neared oversold areas; thus, we expect to continue the bullish intraday trend that requires the breach of 1.3500 to pave the way towards the...
