Technical analysis of the USD/CAD
Tag - usd
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!
USD/CHF is supported by the 50-day MA at 0.9917. The doji candlestick that formed on the D1 yesterday signals the market uncertainty.
USD/TRY has broken above the descending wedge. It is currently testing levels above the 50-day MA at 5.7372.
The US got a boost from positive US economic figures and optimism about the potential US-China trade deal. Learn more!
Technical analysis of USD/CHF
Check the short-term fundamental and technical outlook for the major currency pairs!…
Find out what awaits the major currencies this month: Brexit, trade war, central bank meetings and more.
Will this week be optimistic for the markets?
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!
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.
Price action in NZD/USD strongly resembles the so-called “cup and a handle” pattern on the D1.