The correction off of the 50% midppoint moved back to the broken 38.2% at 1.34523. The 50% is the ceiling now at 1.35374. Buyers and sellers are battling it out. |
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Home › Videos › 4) FX Trends › 4.) Forex Live › USDCAD moved higher this week, but found willing sellers at 50% midpoint. What next?
Published on January 19, 2024
The correction off of the 50% midppoint moved back to the broken 38.2% at 1.34523. The 50% is the ceiling now at 1.35374. Buyers and sellers are battling it out. |
2024-01-04
The USDJPY moved above the crucial 38.2% retracement level but failed to stay there, suggesting a possible reversal in momentum. Traders should watch for a move below the rising 100-bar moving average for further downside confirmation.
2024-01-03
Bullish momentum prevails as USDJPY climbs above the 200-day moving average; next target at 144.698.
2023-12-04
Traders are now looking for a direction, with a move above the 100-day MA targeting retracement levels, while a drop below the 200-day MA would seek support near the 1.3400 level.
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