EURUSD The pair continued downs downside correction reaching 38.2% Fibonacci that meets with the 50 MA. The ability of this level to hold the pair to the upside will help activate the bullish scenario expected for today....
USDCAD: In our analysis Wednesday we talked about the potential for huge price action if the CAD cleanly breaks above the 200 day MA and we certainly saw that yesterday. This move is significant for 3 reasons....
EURUSD The pair managed to breach the neckline shown in our reports yesterday at 1.2430, while pushing towards the upside to closely near the main key target at 1.2570. This confirms natural trading within the descending channel...
EURUSD The pivotal resistance level at 1.2430 held against the pair’s attempts to ascend and push it to the downside towards the main support, which currently descended towards 1.2270. As pointed in the morning report, we recommend observing...
EURUSD The pair stabilized once again above support for the previously breached descending channel – currently at 1.2275 – while signs of a bullish technical pattern appear in the minor image above could cause a bullish rebound,...
EURUSD The pair is trading within a relatively narrow range as head a number of attempts to touch the awaited level at 1.2255. The morning scenario remains intact unless four-hour closing is set above 1.2295.
EURUSD The pair was able to breach the pivotal support mentioned yesterday at 1.2310 that has currently turned into resistance descending towards 1.2295, shown above. More bearish movement is expected for today due to stability achieved below breached...
USDCAD formed a cycle top at 1.0735 level on daily chart. Range trading between 1.0110 and 1.0500 would more likely be seen next week. Support is at 1.0110, below this level could indicate that that downtrend from...
USDCAD’s bounce from 0.9930 extends to as high as 1.0735 level. Further rally towards 1.1000 is still possible in a couple of weeks, a break above this level will indicate that the long term downtrend from 1.3063...
USDCAD traded in a range between 0.9930 and 1.0302 for several weeks. As long as 1.0302 resistance holds, the price action in the trading range is treated as consolidation of downtrend, and another fall to 0.9500 is...
