Posts Tagged ‘USD/CAD’

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USD/CAD Is Supported By a Rising Trend Line — Forecast — October 3rd 2017

In this video, the Trading Central looks at the currency pair USD/CAD for the October 3rd session. USD/CAD — Looking at the intraday 30-min chart, the pair remains supported by the rising trendline, in place since last Wednesday. It also remains supported by the rising 50-period Moving Average. Further advance is also expected above the strong horizontal support of 1.2480. The first target is set at the horizontal resistance at 1.2550 and the next target at 1.2590 extension.

USD/CAD Is Supported By a Rising Trend Line — Forecast — September 14th 2017

In this video, the Trading Central looks at the currency pair USD/USD for the September 14th session. USD/CAD — Looking at the intraday 30-min chart, the pair remains supported by the rising trendline, in place since last Tuesday. It also remains supported by the rising 50-period Moving Average. Further advance is also expected above the strong horizontal support above 1.2125 The first target is set at 1.2215 and the next target at the horizontal resistance at 1.2245 […]

USD/CAD Remains Capped by a Declining Trend Line — Forecast — September 8th 2017

In this video, the Trading Central looks at the currency pair USD/CAD for the September 8th session. USD/CAD — Looking at the intraday chart, the pair indeed remains capped by the declining trendline, in place since Thursday. It also remains capped by the declining 50-period Moving Average. Further weakness is also expected below the horizontal resistance at 1.2150., with targets to the downside set at 1.2030 and the next target at 1.1980 extension.

Oil to Extend Gains

Oil prices showed a minor correction but managed to stay at the highest levels. Today, the Brent Crude Oil is trading at $52.62 per barrel, while WTI is at $48.50. Oil prices are supported by the news from Libya, where oil production at the Sharara field was suspended again. However, according to experts, last week reports still have even greater impact on crude prices. According to Baker Hughes, the number […]

USD/CAD: Key Support at 1.2650 — Forecast — August 9th 2017

In this video, the Trading Central looks at the currency pair USD/CAD for the August 9th session. USD/CAD — The pair has shown signs of stability recently. Now, it is time to look at some interesting developments in the forex markets. Looking at the intraday 30-min chart, the pair has in fact rebounded for the past 6 days out of the past 7 sessions. Along the way, it has gained almost 2%, we can see that […]

Oil Clings to Recent Highs

Today, almost every trading asset is trying to hold on to the highest positions. Particularly, oil prices are moving with bullish bias. Last week, the Brent Crude Benchmark added nearly 5% and today it touched a 2-week high. However, oil prices have already reversed the upward trend which came in line with the expectations of the analysts. By the end of this trading day oil may be trading at $48.60 per […]

USD/CAD Is Capped by a Declining Trend Line — Forecast — June 19th 2017

In this video, the Trading Central looks at the currency pair USD/CAD for the June 19th session. USD/CAD — Looking at the intraday 30-min chart, the pair remains capped by the declining trendline, in place since last Thursday. It remains capped also by the declining 50-period Moving Average. Further weakness is also expected below the horizontal resistance at 1.3260. The first target is set at the horizontal support at 1.3180 and the next target is set at 1.3150.

Crude Rising on US Oil Stockpiles Data

Today, Crude Oil trades higher amid the data from the Energy Information Administration. The report showed that shale oil inventories decreased by 5,247,000 barrels over the week, while experts expected a reduction of 1,786,000 barrels. Thus, WTI Crude Oil has risen in price to $47.97 per barrel. Analysts forecast that the black gold prices will go up further. Now market participants are more optimistic about […]

USD/CAD: Firm Upside — Forecast — April 28th 2017

In this video, the Trading Central looks at the currency pair USD/CAD for the April 28th session. USD/CAD — Looking at the intraday 30-min chart, the pair experienced a fairly volatile trading session yesterday. However, it has managed to cross above the key 1.36 level. The pair has formed a triangle pattern which we can also say as a bullish continuation pattern. Meanwhile intraday technical indicators are still pointing to upward momentum […]

USD/CAD Takes Roller Coaster Ride

Movement of the USD/CAD pair resembles a roller coaster ride. After a gradual increase of the pair to 1.2640, the price took a nosedive by more than a hundred pips. A sharp surge of the Canadian currency was triggered by the news that US president Donald Trump is not going to abandon the North American Free Trade Agreement, but plan only to reconsider its terms. In addition, the US Department of Energy released an upbeat data on crude oil […]

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