Market players keep worrying about the US-China trade deal. Watch the video to discover the outlook for the major currency pairs!
Tag - cad - canadian dollar
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
If you want to know all the important highlights of the market, watch this video!
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
Technical analysis of the USD/CAD
Traders worry about the prospects for the US-China trade deal and await the meeting of the Bank of England. Watch the video to learn more!
Will this week be optimistic for the markets?
EUR/CAD strengthened last week but ran into the resistance of the 100-day MA around 1.4675.
Market sentiment is positive, the USD remains under pressure, and the EUR awaits the speech of the new ECB president Christine Lagarde. Learn more about this and other trends in the currency market!
NZD/CAD testing 6-weeks resistance on November 1
USD/CAD shot up this week but met the resistance of the daily MAs in the 1.3200 area. Here’s also the 50% retracement of the October advance.