20 November, 2019 by Aayush Jindal in Market Analysis
USD/CAD struggled to surpass 1.3270 and recently corrected lower.There was a break below a key bullish trend line at 1.3230 on the 4-hours chart.Canada’s Consumer Price Index is likely to increase 0.3% in Oct 2019 (MoM).EUR/USD and GBP/USD are currently showing bullish signs.
USD/CAD Technical Analysis
This month, the US Dollar climbed higher steadily...
16 October, 2019 by Aayush Jindal in Market Analysis
EUR/GBP declined heavily below the 0.8880 and
0.8800 support levels. The next key support is near the 0.8640 and
0.8620 levels.The Euro Zone CPI could rise 0.9% in Sep 2019
(YoY), similar to the last reading.UK’s CPI might increase 1.8% in Sep 2019 (YoY),
more than the last +1.7%.
EUR/GBP Technical Analysis
This past week, there was a sharp rise in GB...
22 August, 2019 by Aayush Jindal in Market Analysis
Recently, the US Dollar retested the key 1.3345
resistance against the Canadian Dollar. A major bullish trend line is forming with
support near 1.3240 on the 4-hours chart of USD/CAD.Canada’s CPI increased 0.5% in July 2019 (MoM),
more than the +0.2% forecast.The US Manufacturing PMI could increase from
50.4 to 50.5 in August 2019 (Preliminary).
20 December, 2018 by Aayush Jindal in Market Analysis
The US Dollar traded higher recently and broke the 1.3400 resistance against the Canadian Dollar.
There is a major bullish trend line formed with support at 1.3420 on the 4-hours chart of USD/CAD.
The Canadian CPI increased 1.7% in Nov 2018 (YoY), less than the forecast of 1.8%.
Today, the US Initial Jobless Claims will be released, which is forecas...
21 May, 2018 by Aayush Jindal in Market Analysis
The Euro faced an increased selling pressure recently and declined below 1.1800 against the US Dollar.
There is a short-term connecting bearish trend line forming with resistance at 1.1800 on the 4-hours chart of EUR/USD.
Euro Area’s Trade Balance in March 2018 posted a trade surplus of €21.2B, more than the forecast of €20.7B.
Canada’s CPI ...
20 October, 2017 by Aayush Jindal in Market Analysis
The US Dollar is trading higher and approaching a major resistance at 113.40 against the Japanese Yen.
There are two bullish trend lines formed with support at 112.70 and 111.80 on the 4-hours chart of USD/JPY.
The US Initial Jobless Claims for the week ending Oct 14, 2017 posted a decline from the last revised reading of 244K to 222K.
Today in Cana...
18 August, 2017 by Aayush Jindal in Market Analysis
The US Dollar after trading as high as 110.95 against the Japanese Yen found offers and declined.
The USD/JPY pair failed near a major resistance area at 110.90-111.00 and traded below the 100 SMA (H4).
Germany’s Producer Price Index for July 2017 posted an increase of 0.2% (MoM).
Today, Canada’s Consumer Price Index for July 2017 will be releas...
19 May, 2017 by Aayush Jindal in Market Analysis
The US Dollar after failing to break 1.3800 against the Canadian Dollar moved down.
The USDCAD pair broke two bullish trend lines at 1.3765 and 1.3680 on the 4-hours chart during the downside.
Today in Canada, the Consumer Price Index (CPI) for April 2017 will be released by the Statistics Canada, which is forecasted to increase by 0.5% (MoM).
21 October, 2016 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
NZDUSD – Can New Zealand Dollar Remain In Uptrend Vs USD?
The New Zealand Dollar moved below the 0.7200 support area recently against the US Dollar.
There was a new weekly high formed at 0.7265 in the NZDUSD pair, where the sellers appeared.
The pair then broke a bullish trend line formed on the hourly chart.
The New Zealand Visitor Arrivals rele...