| The USDCAD has bounced after sellers yesterday could not keep the downside momentum going |
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USDCHF is lower but rebounding to a key technical level. What next? What about next week?
2025-01-17
In the video, I take a detailed look at the USDCHF
USDCAD falls in early NA trading to a MA cluster. Buyers lean on the first test.
2025-01-13
The high today stalled near the high swing area between 1.4448 to 1.4466
USDCHF up for the 4th day in a row
2025-01-10
The better than expected jobs report sends the USDCHF higher
USDCHF push the pair higher and away from 100 hour MA. Staying above is more bullish.
2025-01-08
The USDCHF is back above the 100 hour MA at 0.90834, but needs to get and stay above the high from last week at 0.91366
What’s in play for the Canadian dollar
2024-11-05
This week’s Canadian dollar bounce highlights the Presidential premium
The world of foreign exchange is multi-variate so you never get a full grasp on what’s moving a currency on any given day.
Economics always overshadows politics and the US election has been playing out in the background for months. There are certainly election trades in equities and other pockets of markets but big macro trades have been tough to handicap, particularly because of the high probability of a divided congress.
Even last week as we entered the final countdown to the election, the signals were skewed because of a wave of top-tier economic data released alongside the final polls. Over a longer period of time, Treasury yields and the dollar have been rising but that’s mostly been due to better economic data
USDJPY buyers and sellers set the stage – and technical levels – for next week’s trading.
2024-11-02
What levels are in play for the USDJPY in the new trading week
The USDCHF moved lower/it moved higher.It is up testing 100/200 hour MAs & finding sellers
2024-09-06
The price of the USDCHF needs to get above the 100/200 hour MAs to increase the bullish bias. Absent that, and the sellers are still in control.
USDCAD moves higher as Oil/Commodities fall and eyes key upside resistance targets
2024-09-03
For the USDCAD, the 1.3561 and 1.3590 areas are topside targets for the pair.. I explain why in this video.
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