USD/CAD Technical Analysis

The pair is in a downtrend.

Technical Analysis
22 janv. 2018
USD/CAD Technical Analysis

This week we do not expect the release of any significant indicators which would be able to turn the markets around.

The US dollar is under pressure due to the possible suspension of the government's work for the first time since 2013. The dollar index is near 3-year lows and we can observe updates of the highs of major currencies relative to the US dollar. Last week's data disappointed investors and triggered a sell-off of the American currency. Therefore, we should expect the further weakening of the reserve currency in the near future.

Considering our chart, we can observe a downward movement with a delay near the level of 1.2370. At the moment, we assume that our price will test this level again. Our trading advice is to go for short positions with a medium-term goal of 1.2370.

SuperForex
China in Recovery?

Technical Analysis

China in Recovery?

With the newest reports on the GDP of China, it appears that the economy is growing.

SuperForex
19 janv. 2018
Oil (CL/WTI): Review & Short-term Forecast

Technical Analysis

Oil (CL/WTI): Review & Short-term Forecast

Oil prices have consolidated but the deals to BUY can still be effective.

SuperForex
19 janv. 2018
EUR/USD Technical Analysis & Daily Chart

Technical Analysis

EUR/USD Technical Analysis & Daily Chart

We predict that the pair will exhibit strong bullishness in the near future.

SuperForex
18 janv. 2018