AUD/CAD Technical Analysis

Technical Analysis
12 mar 2018
AUD/CAD Technical Analysis

Today the index of investing for our pair came out, which amounted to 47.9%. It follows that at the moment there are fewer bullish positions than bearish ones. Traders are inclined to sell this instrument.

Today we do not expect the release of any macroeconomic data from Canada and Australia, so we will consider our chart in the light of the current trends.

At the moment we have an upward movement, but our pair has slowed down and is near the level of June 2017.

Against the backdrop of rising energy prices, the Canadian dollar began to win back its positions relative to the basket of major pairs.

At the moment we expect a corrective movement for this pair.

If the price breaks the level of 1.0070, we can expect the quotes to advance to the levels of 1.00 and 0.9940, near which our Take Profit can be placed. In the opposite case, we expect the price to advance to the previously reached highs.

SuperForex
Italian Elections: Goodbye, Europe?

Technical Analysis

Italian Elections: Goodbye, Europe?

Now that Italy has voted, what does this tell us about the future of Europe?

SuperForex
09 mar 2018
CAD/JPY: Fundamental Review & Forecast

Technical Analysis

CAD/JPY: Fundamental Review & Forecast

The CAD is under many negative factors despite impressive economic statistics. The deals to SELL seem more effective given that investors prefer safe assets.

SuperForex
09 mar 2018
EUR/USD Technical Analysis

Technical Analysis

EUR/USD Technical Analysis

The pair will likely remain bearish today.

SuperForex
08 mar 2018