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.
Daily Market Analysis
Price action in NZD/USD strongly resembles the so-called “cup and a handle” pattern on the D1.
The stock of Intel jumped last week above $56 propelled by the strong earnings report. Can it get even higher?
Have a look at the chart of CAD/CHF: the pair is testing daily moving averages.
This week three major institutions release their respective interest rate decisions; we examine the conditions and consequences of each one
During the summer months, EUR/CAD broke an important support line and traded with a bearish bias ever since.
AUD/JPY is trying to return to positive dynamics. The level of 74.50 which earlier acted as resistance is now functioning as support.
On October 16, GBP/AUD met resistance in the 1.9090 area (resistance line from March highs).
The earnings season in the United States continues…
On the H1 chart of NZD/CAD, the price once again bounced back from the local resistance level of 0.8404 and is on the way down to support at 0.8281.
With the Federal Reserve’s meeting and the release of Nonfarm Payrolls, EUR/USD is going to have an active week.
NZD/USD failed to overcome the resistance at 0.6430: yesterday’s close below 0.6385 confirmed the short-term victory of sellers.