| A technical look of the 3 major currency pairs to kickstart your trading day on September 19, 2023 |
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USDCAD rotates back below the 100 hour MA tilting the bias back to the downside. Bearish.
2023-07-17
The USDCAD has rotated back below the 100-hour MA tilting the bias back to the downside. Bearish. The USDCAD 100 hour MA is at 1.3184 area. That is a key barometer going forward.
The USDCAD turns more neutral technically heading into the new trading week
2023-07-14
For the week starting July 17, the USDCAD is more neutral at least in the short term The price is back above the 100 hour MA and the 38.2%. Both tilt the bias a little more to the upside if they can hold. On the topside the 200 hour MA still looms as resistance.
USDCAD Technical Analysis
2023-07-14
Here’s a quick technical analysis on USDCAD with some fundamental background.
For more visti ForexLive.com
S&P 500 Technical Analysis
2023-07-13
Here’s a quick technical analysis on the S&P 500 with some fundamental background.
For more visit ForexLive.com
AUDUSD shifts short term bias back higher with daily MAs looming to the topside
2023-07-10
AUDUSD shifts short term bias back higher with daily MAs looming to the topside. The pair has the 100 and 200-day MAs above at 0.6684 and 0.66963 repectively. Last week, the price moved above those MAs but stalled ahead of the next target at the 38.2% retracement at 0.6711.
USDJPY extends below its 38.2% retracement level and lower swing area.
2023-07-07
The USDJPY trades at the lowest level since June 22. The range for the day is up to 210 pips well above the 22 day average at 109 pips.
USDCAD runs higher to test the 38.2%, but backs off. What next?
2023-07-06
In this video, we analyze the recent price action of USDCAD as it runs higher to test the 38.2% Fibonacci retracement level but faces selling pressure.
The key level of 1.33213, representing the 38.2% retracement of the move down from the May 25 high, was briefly broken before sellers reentered the market.
Join us as we discuss the significance of this price development and explore potential scenarios for the USDCAD going forward. Will the sellers regain control and drive the pair lower, or can the buyers stage a comeback?
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