USD/CAD Technical Analysis

We are waiting for a bullish movement.

Technical Analysis
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USD/CAD Technical Analysis

Yesterday, the US announced that in the near future they could withdraw from the NAFTA agreement and against this background the Canadian dollar fell under the sell-off against other currencies. Oil prices yesterday also stopped their upcoming rally and entered a corridor, which may well indicate the completion of the upward momentum.

Yesterday, after the release of a number of indices the dollar's exchange rate was slightly shaken, but managed to win back its positions and demonstrates positive dynamics at the moment.

Today the US expects the release of the monthly and annual Producer Price Index for December and the speech of Fed member William Dudley. From Canada we expect the release of the House Price Index.

Given the focus of our pair, we look forward to further advancing our pair up. Technical indicators do not contradict this course of events. Thus, the MACD aims to rise above the zero mark, and the Stochastic has not yet entered the overbought zone. The fast MA (21) rushed upwards and is giving us a confirmation for a possible turn at the intersection with the slow MA (61).

We advise you to take long positions when crossing the moving averages and look for targets in the area of the resistance levels 1.2650 and 1.2730.

SuperForex
USD/MXN: Fundamental Review & Short-term Forecast

Technical Analysis

USD/MXN: Fundamental Review & Short-term Forecast

The weakened the dollar let the MXN strengthen but the deals on the trend still would be most effective.

SuperForex
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GBP/USD Technical Analysis

Technical Analysis

GBP/USD Technical Analysis

The pair is undergoing a price correction.

SuperForex
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EUR/USD Technical Overview & Daily Chart

Technical Analysis

EUR/USD Technical Overview & Daily Chart

Though the pair is still moving in an upward channel, today the euro is losing ground to the dollar.

SuperForex
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