Take a look at the technical set-ups of EUR/USD, NZD/USD, USD/CAD, and USD/CHF.
Tag - cad - canadian dollar
NFP data will highlight the first Friday of the month.
Check the levels for the intraday trading.
What will shake markets today
NZDCAD has been rising today, a bearish reversal possible soon
The price has been showing an uptrend lately, but may go into a bearish reversal in the short-term.
Today, NZDCAD gives an example of a bearish reversal scenario confirmed by the RSI and the Stochastic Indicator.
The most important events of the last week of November
GBP/CAD met resistance ahead of 1.7285 and formed a “shooting star” on the weekly chart.
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
Traders worry that the US-China trade deal will take place only next year. Watch the video to see how this affects the major currency pairs!
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.