| The 38.2% of the move down from the July high is in play on the topside at 0.86683. |
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The price of the USDCAD is working toward the high of the "Red Box" that has confined the range since April.
USDCAD higher on the day. Retail sales weak pave the way for a BOC rate cut next week.
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The price of the USDCAD steps above trend line at 1.3720 area continuing the trend to the upside over the last week or so.
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EURUSD Technical Analysis – A look at some key levels ahead of the US CPI data
2024-05-07
#eurusd #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the EURUSD pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
0:53 Technical Analysis with Optimal Entries.
1:50 Upcoming Economic Data.
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The price of Bitcoin falls to 50% of 2024 this week & bounces. Price back above 100 day MA
2024-05-03
The 100-day MA is around $60,000. That is close support today and going forward.
USDCHF breaks lower today and down to a swing area low. Finds buyers.
2024-05-02
The pair broke low and back below a key old ceiling area from April between 0.9147 to 0.91558.
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