Daily Pivots: (S1) 1.2563; (P) 1.2584; (R1) 1.2616; More… USD/CAD is losing some downside momentum again as seen in 4 hour MACD. But further fall is expected with 1.2685 resistance intact, towards 1.2401 support. Decisive break there will argue that whole rebound from 1.2005 has completed, after rejection by 1.3022 fibonacci resistance. Deeper fall would […]
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Key Highlights EUR/USD started a downside correction and traded below 1.1320. A connecting bearish trend line is forming with resistance at 1.1330 on the 4-hour chart. GBP/USD is consolidating gains and facing hurdles near the Read more…
Gold opened the week on the back foot as signs of further easing global trade tensions dented demand for safe-haven assets. The White House posted a surprise announcement of a trade agreement with China after Read more…
USDCAD: ⬆️ Buy USDCAD reversed from support area Likely to rise to resistance level 1.3980 USDCAD currency pair recently reversed up from the support area between the support level 1.3800 (which has been reversing the Read more…