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Tag: weekly analysis

USDCAD Weekly Analysis 11th Nov

TECHNICAL ANALYSIS Price has reached daily 200EMA plus resistance level and has began to show signs of weakness. I will be looking for a continuation of weakness in the USD/CAD targeting 1.31200 FUNDAMENTAL ANALYSIS FED Chair Powell speaking several times throughout the week. Will be expecting more insight on economic outlook, stimulus and hints of…
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TECHNICAL ANALYSIS Trend continuation, recent pull back into 50% resistance confirmed with bearish 4h engulfer. Resistance seen at 1.1080 so stops above. Weekly target 1.0950 very possible. FUNDAMENTAL ANALYSIS USD bond yields pushing 2 %, 325 bp rise since last week’s cut. Euro yields are negative. The yield differential should push this pair back down…
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