Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
Oil may correct down
Information is not investment advice
On W1, Brent oil formed a bearish candlestick with a long upper shadow. All things equal, it will be difficult for bulls to keep pushing higher immediately after such a pattern. In addition, the price failed to close above the 61.8% Fibo retracement of the 2018 decline at 72.80. In this area, there’s also the weekly pivot point. As long as the price stays below this level, it’s vulnerable for a bearish correction.
Elizabeth Belugina
Similar
EUR/CAD is under pressure
EUR/CAD has tried to return above the previous support and now resistance line connecting the lows of 2015 and 2017.
EUR/GBP is finally correcting
EUR/GBP may be about to make a bigger downside correction. The pair closed yesterday below the August support line and slipped below the weekly pivot point at 0.9250.
Popular
EUR/JPY has rebounded
Technical analysis of EURJPY
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
August 19-23: key events for major currencies
The economic calendar for the upcoming week contains a number of important events…
Choose your payment system
