EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
USD/CAD may get to another support
Information is not investment advice
Last week USD/CAD was rejected on the upside: the pair failed to settle above 1.3350. Instead, it turned down breaking below the 50-week MA and all the 200-, 100- and 50-day Moving Averages on the D1. As a result, the pair ended the week below the range within which it was consolidating in August. The CAD is supported by the stabilization in oil prices and can appreciate more pulling the pair further down. The decline below the 61.8% Fibo level of the July-September advance at 1.3155 will lead USD/CAD down to 1.3120/00. Notice, however, that the level of 1.3120 represents important support: here’s the 200-week MA and the 50-month MA. On the upside, the return above 1.3190 is needed to open the way to 1.3240.
Elizabeth Belugina
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EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
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