USD/CAD – Can US Dollar Recover Above 1.3000 Vs Canadian Dollar?

Key Highlights The US Dollar faced a lot of selling pressure lately and moved below 1.3100 against the Canadian Dollar. There is a key bearish trend line with resistance at 1.3080 forming on the 4-hours chart of USD/CAD. Recently in the US, the FOMC meeting minutes were released, which failed to help USD/CAD in recovering above 1.3000-1.3050. Today in the US, the ...
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GBPUSD – British Pound In Clear Downtrend Vs Dollar

Key Highlights The British Pound dropped below 1.2300 against the US Dollar and remains in a downtrend. The GBPUSD pair broke a major support trend line at 1.2430 on the 4-hours chart, which initiated a downside move. Today in the UK, the British Retail Consortium (BRC) Like-For-Like Retail Sales for Feb 2017 (YoY) was released, which posted a decline of 0.4%. Lat...
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EURUSD – Is This Trend Change In Euro Vs US Dollar

EURUSD – Is This Trend Change In Euro Vs US Dollar Key Highlights Euro traded higher against the US Dollar, and there are possibilities of more upsides in EURUSD moving ahead. There was a bearish trend line break on the 4-hours chart of the EURUSD pair, which is a positive sign for the Euro bulls. In the Euro Zone, the German Factory orders will be released by the...
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EURJPY – Euro Positioning For More Declines?

Key Highlights Euro weakened against the Japanese Yen recently, and broke an important support area to trade lower. The EURJPY pair has many resistance areas on the way up, pointing towards more losses moving ahead. German Factory orders will be released by the Deutsche Bundesbank today, which is forecasted to gain by 1% in September 2015. Today, the BoJ Monetary Poli...
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EURGBP Might Struggle To Trade Higher

Key Highlights Euro traded higher against the British pound, but struggled to clear a major hurdle at 0.7350. EURGBP market sentiment looks bullish, but it is facing an important resistance which is stalling upside in the near term. Germany Factory orders will be released by the Deutsche Bundesbank, which is expected to increase by 1.5% in February 2015, compared to the...
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