AUD/CAD Technical Analysis

A lot of volatility for this pair today amid news from the United States.

Technical Analysis
06 Mac 2018
AUD/CAD Technical Analysis

For the moment, against the background of Donald Trump's words on external economic policy, the Canadian dollar is losing ground against a basket of major currencies. Also, the recent statements by the Head of the White House about withdrawing from NAFTA greatly weakened the exchange rate of the Canadian currency.

Our pair was able to overcome a strong level of 1.0070 but failed to overcome the mark of 1.01, and returned to the current level.

Given that our pair managed to overcome more than 70 pips yesterday, we can expect a continuation of the uptrend. However, considering the 4-hour chart we see the slowdown of our trend and a possible correction. Our pair could soon render the figure of "head and shoulders." Since current values are at the level of June 2017, the prices and the ability to go into a correction is large enough.

In the case of such a scenario, we expect the prices to move near the levels of 1.00 and 0.9920.

SuperForex
GBP/USD Technical Analysis

Technical Analysis

GBP/USD Technical Analysis

SuperForex
05 Mac 2018
Trump’s Metal Tariffs

Technical Analysis

Trump’s Metal Tariffs

President Trump announced tariffs on steel and aluminum exports, leaving the global markets in shock yesterday.

SuperForex
02 Mac 2018
AUD/CAD: Fundamental Review & Forecast

Technical Analysis

AUD/CAD: Fundamental Review & Forecast

Investors are waiting for the data about Canada's GDP. The CAD can get support from that today. The short deals seem most effective.

SuperForex
02 Mac 2018