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USD/CAD Technical Analysis


Our pair has found its niche on the chart and is now trading between two relatively strong levels. On the chart we have an established channel between the levels of 1.2750 and 1.2895. Furthermore, we can draw a more extended version within 1.2725 and 1.2925.
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More uncertainty is seen across the markets amid this news.
When North Korea decided to cancel a meeting with the South last minute, speculations arose that Kim Jong Un might be changing his mind regarding peace and openness. The DPRK government then criticized the United States for flaunting their own military prowess during a joint exercise in South Korea and put peace talks with their southern counterparts and with the United States in doubt.
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We have a downtrend for this pair.
Looking at our pair, we can currently observe the formation of a third wave and expect it to be the strongest. The US dollar continues to strengthen against the basket of major currencies and the dollar index at the moment is at 94.61, which is the highest since November 2017.
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We have a downtrend for this pair.
Looking at our pair, we can currently observe the formation of a third wave and expect it to be the strongest. The US dollar continues to strengthen against the basket of major currencies and the dollar index at the moment is at 94.61, which is the highest since November 2017.
More information see here


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The EUR is under pressure due to new political instability. However, the deals to BUY still seem the most effective after investors have already considered the new political risks.
For the last two months the trend has changed to a downward one. Political instability and the associated risks for the Eurozone are returning to the EU.
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The US has decided to slam the EU, Mexico, and Canada with tariffs, alongside China.
The White House proved to be deaf once again as they refused to heed warnings from foreign politicians and international organizations like the WTO, who all have talked about how a global trade war would be terrible for the economy.
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The pair is giving us mixed signals today, but we can try to sell.

Today we would take a look at the EUR/USD currency pair, which is one of the most popular trading instruments. Over the past few weeks the euro gave way to the dollar, but after last week’s news that the United States will be starting a trade war with multiple countries, the price started growing again.
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The trend is yet to be determined.

On the our chart we can see that our pair found a resistance level near the 1.3250 mark, from which it rushed up again.
After a long rally for the dollar, its index is currently down to around 93.90. Against the background of this retreat, our quotations have moved to local growth.
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We provide Forex analysis on major currencies: (EUR/USD) (USD/CAD) (AUD/USD) (USD/GBP).
We begin with the EUR/USD. And we expect the trend to continue until the resistance level at the mark of 1.1840 is reached.
Next is the GBP/USD. We expect that after crossing the mark of 1.3390 the pair will move to the next resistance level around the mark of 1.3475.
Then is the AUD/USD. It approached the lower border at the level of 0.7615, moving ahead to the level of 0.7640
And the last pair is the USD/CAD. We think soon it may move closer to the mark of 1.3010.
Full version you can see here
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At the moment we see that the pair went on with the alternative scenario. Now the 4th wave is forming as a part of a major correction. Despite the fact that the macroeconomic data from the United States has showed a positive trend, at the moment the pair continues its upward movement.
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