USD/CAD may be capable of more
USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
EUR/USD: a “hammer”
Information is not investment advice
EUR/USD formed a “hammer” candlestick on W1. Despite the fact that it fell as low as to 1.1025, it still managed to close the week above 1.11. As a result, a minor retracement to the upside is possible. A rise above 1.1127 would open the way up to the resistance between 1.1180 and 1.1210.
Elizabeth Belugina
Similar
NZD/USD ahead of the RBNZ meeting
A bearish “engulfing” pattern was formed on the W1 chart of NZD/USD around the 38.2% Fibonacci retracement level of the July-October decline.
GBP/USD is near support
GBP/USD formed a lower high at the start of this month, pressured by the strong resistance in the 1.30 area.
Popular
The European Central Bank, Christine Lagarde and the euro
Will the new ECB president continue the monetary policy of Mario Draghi or there will be a new direction? We discuss what changes Christine Lagarde may bring to the Eurozone and how it may affect the euro.
USD/CAD may be capable of more
USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
NZD/USD ahead of the RBNZ meeting
A bearish “engulfing” pattern was formed on the W1 chart of NZD/USD around the 38.2% Fibonacci retracement level of the July-October decline.
Choose your payment system
