USDCAD is easing with weak momentum below the short-term simple moving averages (SMAs) but is still above the long-term ascending trend line. According to the technical indicators, the MACD is losing ground below its trigger and zero lines, while the RSI failed several times to surpass above the neutral threshold of 50 and is now […]
The post USDCAD Moves South with Weak Momentum; Immediate Support at 200-Day SMA appeared first on Action Forex.
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The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…