USD/CAD Technical Analysis

The price is undergoing a correction.

Technical Analysis
12. 12. 2017
USD/CAD Technical Analysis

During the last four trading days oil rallied and gained +6.5% and at the moment the price of Brent is fixed above the mark $65 per barrel, which is a two-year high.

On the background of these events, we can expect a further advance of the black gold’ price warmed up by speculators and a slight decline of our currency pair. However, it is unlikely the price of oil to be able to gain a foothold above this mark for a long time to and is likely to return closer to the level of $63 per barrel.

Therefore, having considered our chart, we can see the correction price of the pair and look for points to enter long positions.

At the moment, our pair is near the resistance level of 1.2820 and we expect it to break up to the level of about 1.2800, or the 38.2 Fib level where we would seek entry points.

Furthermore, today it is worth paying attention to the output data from the United States, since output may increase the volatility of the pair and the price can overcome the resistance levels.

SuperForex
EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

There are bearish opportunities with this pair today.

SuperForex
11. 12. 2017
Brexit: A New Hope

Technical Analysis

Brexit: A New Hope

The pound marked gains as a deal between the UK and the EU was finally striked on Brexit.

SuperForex
08. 12. 2017
NZD/JPY: Review & Forecast

Technical Analysis

NZD/JPY: Review & Forecast

Economic growth in Japan affects the rates. Oscilators confirm short deals would be the most effective.

SuperForex
08. 12. 2017