Tag Archives: USD/CAD
FX Daily Majors
Today’s highlights: EURUSD breaks to a new cycle low leaving the trend directly bearish to 1.3104, then our 1.3020/15 target.
More € bearish signals. NOK/SEK aiming at 1.1330
EURUSD: With the Thu/Fri bounce occurring in a clear three wavecorrective manner a new trend low
USDCAD – wave-b bear triangle targets 1.0757/0693 to complete wave-2
With the initial wave-1 complete (part of an expected 5-wave rally to ~1.15),
Weekly Economic & Financial Commentary
U.S. Review Data Details Show Economy Continues to Firm • Second quarter GDP was revised higher to a 4.2 percent annualized rate,
Daily FX Update
CAD is outperforming ahead of its Q2 GDP release, JPY and AUD are weak, and most of the remaining G10
FX Daily Majors
Today’s highlights: EURJPY is attempting to break its medium-term uptrend at 136.57.
Daily Technical Report
EUR/USD remains weak as can be seen by thefailure to break the hourly resistance at 1.3220(25/08/2014 high).
FX Majors Trading Strategies
EUR/USD: Range trading is likely to continue; fade a 40-50 pip move in either direction with a close stops. Buyers will be seen on any move below 1.3150 and sellers will be lined up above 1.3250.
Daily FX Update
A significant escalation in geopolitical risks in Ukraine is weighing heavily on markets into the NA open.
Daily Technical Report
EUR/USD was able to bounce of 2014 lows at1.3153 yet buying pressure is thin.
The $ corrects lower. Bond yields continues to fall
EURUSD: The decline has during the past days been running onfumes.
USDCAD – triangle and extension targets point to wave-1 high at 1.1001
Prices did pull back to our 1.0880/0850 zone to complete wave-4 and rally accordingly.