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 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…
USD/CAD is Trading Flat as CAD Suffers from…
[caption id="attachment_369273" align="alignnone" width="610"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading flat today as CAD suffers from weak crude oil outlook while USD remains nearly monthly lows. Price holds firm above 1.33 handle…
USD/CAD: The Pair is Trading with Clear Dovish…
[caption id="attachment_369244" align="alignnone" width="610"] USD/CAD Hourly (H1) Chart[/caption] USD/CAD: The pair is trading with clear dovish bias as USD scales fresh multi-year lows. But the decline is limited well above the 1.3350 mark as CAD…
