Tag Archives: USD/CAD
Daily FX Technical Strategy – Dollar downside
The uptick in European equities is keeping near-term pressure on the US dollar and a low close (below 81.00) in the US dollar index would confirm a near-term top.
FX Daily Majors
Today’s highlights: – USDJPY: Approaching the 78.6% Fibonacci retracement hurdle of 82.68. Overextended to the upside, and thus we look for a correction back towards 81.13 before we target 84.19.
FX Daily Majors
Today’s highlights: – USDJPY: Aggressive acceleration through 81.49 retracement resistance sets up for further gains higher to the 78.6% retracement of 82.68 and then the key neckline of 83.09.
FX Daily Majors
Today’s highlights: – EURUSD: Approaching the key 1.2844 38.2% Fibonacci retracement hurdle. We expect this to cap and for the market to reverse lower back to 1.2662, then 1.2502.
FX Technical Volume Strategy – USD/CAD downturn attracts investors
– Overall volumes returned to average levels, lead by an increase in activity for CAD.
Technical Analysis
FX seems relatively slow but has anyway showed a muted reaction to improved risk appetite… EURUSD should however find resistance strong in the 1.2820-1.2830 area (if not, then at 1.28551.2880)…
FX Daily Majors
Today’s highlights: – EURUSD: Range bound between the 1.2803/44 resistance zone and support at 1.2662. We continue to look for 1.2844 retracement resistance to cap, with risk to 1.2502.
USD/CAD – consolidating below critical long-term resistance
The short-term trend is clearly up in USDCAD but price the rally is showing signs of weakness with a bearish divergence near the 150dma; this is also a key resistance from Feb/Apr this year and a big 50% retrace zone.
FX Daily Majors
Today’s highlights: EURUSD: Advance now approaching important resistance hurdles at 1.2803/12/44. We expect the latter 1.2844 to cap, with a reversal lower most likely to then target 1.2502.
FX Daily Majors
Today’s highlights: – EURUSD: Trendline break exposes 1.2791 resistance. Scope for a brief prod above here to the 38.2% Fibonacci retracement hurdle of 1.2844, which should then cap.
FX Daily Majors
Today’s highlights: – EURUSD: Rebounding from support found at 1.2662 and threatening trendline resistance located at 1.2742. We look for a break above here and extension towards 1.2877, which should then cap.
Technical Analysis
The dollar retains the upper hand… EUR/USD Below 1.2670 => 1.2619/04… USD/JPY Risks testing the mid/low-78s… GBP/USD Likely to extend losses…