Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
USDCAD Technical Analysis Report 9 March, 2021
• USDCAD reversed from resistance level 1.2730 • Likely to reach support level 1.2500 USDCAD currency pair recently reversed down once again from the key, multi-day resistance level 1.2730 (which has been reversing the price…
USDCAD Technical Analysis Report 15 January, 2021
• USDCAD reversed from key support level 1.265 • Likely to rise to resistance level 1.2835 USDCAD continues to rise after the price reversed up from the key support level 1.2650 (which stopped the previous…
USDCAD Technical Analysis Report 2254 November, 2020
USDCAD reversed from multi-month support level 1.2980 Likely to rise to 1.3100 USDCAD today reversed up from the support area lying between powerful, multi-month support level 1.2980 (which has been reversing the price from the…
Forex Technical Analysis & Forecast 03.09.2020
EURUSD, “Euro vs US Dollar” The currency pair keeps developing a wave of decline to 1.1800. After this level is reached, we expect growth to 1.1850. On these levels, a consolidation range may form. This…
USD/CAD: The Pair is Trading with Clear Positive…
[caption id="attachment_369529" align="alignnone" width="610"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading with clear positive bias but still remains below 1.34 mark for now. USD rebound in later European market hours failed to trigger…
USD/CAD is Trading Flat as Both Currencies Lack…
[caption id="attachment_369496" align="alignnone" width="628"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading flat as both currencies lack directional bias. Crude oil weekly data record from the US seems to mismatch with previous reports as…
USD/CAD: The Pair is Trading with Clear Dovish…
[caption id="attachment_369469" align="alignnone" width="610"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading with clear dovish bias as a rally driven by a rebound in the crude oil price to multi-month highs pushed the price…
Trump Election Delay Tweet, US GDP Record Plunge…
Summary: The Dollar extended its slide after US Q2 GDP plunged a record 32.9% annualized rate, slightly better than expected (-34.5%). It was still the deepest drop since the government began records in 1947. A…
