Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

Market updates on November 6

Market updates on November 6

Information is not investment advice

Key events ahead

Canadian Ivey PMI – 17:00 MT time (15:00 GMT)

The euro is on the rise since yesterday against the CAD. On the H4 chart of EUR/CAD, the week has started with the CAD appreciating and the price falling to the support at 1.4560, marked in the middle of October already. Further support levels for the bears may be placed at 1.4533. 1.4509 and 1.4466. However, if the price follows the same periodical wave of rising as it does with RSI lately, we may expect further appreciation of the euro against the Canadian dollar up to the resistance levels of 1.4647, 1.4684 and 1.4705.

EURCADH4 November 6.png

A similar picture appears with the US dollar. On the H4 chart of USD/CAD, the price showed a steep drop to the support level of 1.3120 yesterday, pinching it through, then bounced back and has kept moving up since then. In case the market reverts to favor the bears, we may keep the support levels at 1.3152, 1.3131, 1.3120. The bottom sector may be market at 1.3078 and a strong support level of 1.3050. Otherwise, as the price shows upward movement above the Alligator indicator, further appreciation of the USD against the CAD may be expected, with resistance levels of 1.3180 and 1.3208 in view.

USDCADH4 November 6.png

On the other side of the market, the NZD shows interesting opportunities for the bears. On the H4 chart of NZD/JPY, the strong psychological resistance range of 69.90 – 70.00 has been capping the price movement since the third week of October. The price dropped again from those heights yesterday. Now there is a strong potential for the continued bearish move as the price is testing the support level of 69.35 along with the trend support line. Once it is penetrated, further supports of 69.26, 69.16 and 68.97 may be placed to check the downward trend.

NZDJPYH4 November 6.png




Choose your payment system

Learn more


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later