The 100 hour MA is being tested in the early US session. Move above would increase the bullish bias for the pair. |
You Might Also Like
2024-11-06
#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
———————————————————————-
Topics covered in the video:
0:00 Fundamental Outlook.
0:42 Technical Analysis with Optimal Entries.
1:47 Upcoming Catalysts
———————————————————————-
Website: https://www.forexlive.com/
Twitter: https://twitter.com/ForexLive
Facebook: https://www.facebook.com/forexlive/
Telegram: https://t.me/forexlive
#trading #futures #commodities
2024-11-04
The USDCAD price falls below the 200 hour MA at 1.38896 for the first time since October 2
2024-11-01
Narrow trading range for the week. Narrow trading range for the last 12 trading days
2024-10-31
Stocks lower. Yields higher again. What does the USD do?
2024-10-29
The Canadian dollar is threatening to worst levels since May 2020 in what would be a major range breakout. Aside from brief periods during covid and the oil price collapse in 2016 (both less than a month long), this would be the lowest level since 2003. I expect this period of weakness to be longer lasting as the three legs of the Canadian economy – housing, immigration and resources extraction – are all impaired.
Adam Buitton, chief currency analyst at ForexLive, speaks with BNNBloomberg about why the loonie is headed to 1.45.
2024-09-12
Buyers are making a play in the short term in the USDCHF
2024-09-05
The BOC cut rates yesterday but the CAD moved higher. The move is stalling today with narrow up and down trading near hourly MA levels.
2024-09-04
In this video, I take a look at the key technicals in play given the price action in the EURUSD, USDJPY, GBPUSD and a special look at the USDCAD ahead of their interest rate decision at 9:45 AM ET
Tags: Featured,newsletter