The US dollar is declining on Monday though by far it is partially maintaining positions, gained last week, when the fears about the economic stance made the traders invest in the most liquid currency of the world.
Rather disappointing data from the USA did not influence the market attitude to the US dollar. On the contrary, an attempt of the euro growth during the Asian and European sessions was compensated by further rate decline...
Support levels: 1.0300, 1.0250, 1.0200Resistance levels: 1.0500, 1.0586, 1.0650On a 4-hour chart, the USD/CAD currency pair is pulling back further from the upper limit of the downward channel, and now, it is forming “Flag” probably. It is...
According to wave count this currency is moving within corrective daily wave B. Until 130.80 is broken, this wave will remain corrective. The targets of this wave are Fibonacci retracements of 130.80-137.75, and expansions off 137.75-135.46-136.97, 136.97-135.02-135.72:
Wave count on larger timeframes shows that this currency pair is standing in a correction to daily wave 130.80-137.75 (colored royal blue). The targets of the longer term wave are Fibonacci retracement points of
On Thursday, the European Single Currency increased slightly against the US dollar following the disappointing US Labor market data.
The US stocks on Tuesday fell amid disappointing financial reports of companies and more weak-than-expected US economic statistics, which strengthened investors’ worries about the stability of the recovery. Dow Jones Industrial Average according to the trading results...
Support levels: 1.0251, 1.0141, 1.0013.Resistance levels: 1.0390, 1.0500, 1.0550.USD/CAD is demonstrating a downward tendency. At the moment, the view of the pair is neutral as long as the support level of 1.0251 is not broken.
The stock indices dropped according to the trading results on Thursday amid discrepant data.
According to wave count this currency pair is developing a weekly wave up, which is labeled C (colored silver on the chart).
