USDCAD Recoils Beneath 200-SMA But Upside Still Active
USDCAD’s seven-week uptrend from the 6-year lows remains structurally intact with shaped higher lows and highs, in spite of the fresh pullback from the peak of 1.2807. Upside sentiment appears to be growing, something also being indicated by the softened...
NZDUSD Is Possibly Bullish
Technical analysis The CCI with the MACD indicates that the uptrend may prevail The price is above MA(50), suggesting a possible movement upwards. What the possible outcomes are In our most likely scenario, the NZDUSD pair may attempt to break...
BTCUSD Still Bullish
Technical analysis The BTCUSD pair is consolidating around the mid-line of the daily Bollinger Band. A break above the mid-line exploses further gains towards the upper daily Bollinger Band, around the $35,250 level. The daily time frame also shows that...
USDCAD Now Bearish
Technical analysis The USDCAD pair is bearish after moving back under its 200-day moving average. The early-week move higher appears to have been a false technical breakout. The daily time frame shows that significant amounts of bearish MACD price divergence...
EUR/USD Outlook: Extended Consolidation To Precede Final Push Towards Key Supports
The EURUSD is holding near the new multi-week low in early European trading on Friday, after strong upside rejection and subsequent drop on Thursday. The short-lived positive impact from ECB resulted in a brief correction which was capped by initial...
GBPJPY Proceeds Higher After Bullish Doji
GBPJPY is pushing for another green day, justifying the bullish dragonfly doji candlestick formed on Tuesday following the bounce on the 4 ½-month low of 148.45 and the 23.6% Fibonacci retracement of the March 2020 – May 2021 upleg. While...
XAG/USD Attempts Rebound
Bullions recover as the US dollar retreats across the board. Silver has so far found buying interest on the daily support level at 24.70. Once again, a divergent RSI in the demand zone foreshadowed the rebound. The break above 25.25...
Canadian Dollar Firm as Focus Turns to Retail Sales
Trading in Asian session is relatively subdued today, as some participants are already looking forward to the weekend, after a roller coaster ride. Canadian Dollar is currently the strongest one for the week, helped by rebound in WTI oil price,...
Futures edge higher after stocks notch 3-day win streak
A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Stock futures edged slightly higher in overnight trading after a rise...
Sales of existing homes rise slightly as more listings finally hit the market
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month to a seasonally adjust annualized rate of 5.86 million units, according to the National Association of Realtors. These sales represent closings, so...
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