Loonie is up nearly 0.5% this week as price responds to key technical resistance. Here are the targets and invalidation levels that matter on the USD/CAD weekly chart.
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Friday, 15 March 2019
FX Setups for the Week of March 18, 2019
The end of Q1 is near with but two weeks of trade remaining before the door opens to Q2.
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Bullish USD/JPY Sequence at Risk Amid Failure to Test Monthly-High
Failure to test the monthly-high (112.14) may rattle the bullish sequence in USD/JPY as the RSI continues to threaten the bullish formation from earlier this year.
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US Dollar Mired in Range; US Yields Breakdown May Boost Gold Prices
The DXY Index is edging slightly lower as US equity markets deal with a quad witching day as the calendar turns through the ides of March.
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DJIA: Dow Recovers From Fibonacci Support, Builds Rising Wedge
The blue-chip index put in a week of recovery despite the setbacks at the Dow constituent of Boeing; but with resistance holding at prior support, are bears waiting in the wings?
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GBPUSD Steady After Stellar Week, EURUSD Rise Capped - US Market Open
GBPUSD not out of the woods yet, despite strong week. Euro finds support above 1.13, however, option expiries cap further upside.
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EURUSD Recovers ECB-Fueled Losses; USD Holds Support Ahead of FOMC
EUR/USD has recovered last week's ECB-fueled losses, and the US Dollar is holding support ahead of next week's FOMC rate decision.
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S&P 500 at Resistance, Dow Jones & Nasdaq 100 Charts Showing Divergence
While the S&P 500 trades at resistance there are potential signs of broader weakness, but a breakthrough would likely clear up the discrepancy.
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Charts for Next Week: EURUSD, AUDJPY, Gold Price & More
The Euro is rallying into trend resistance, AUDJPY range becoming more defined, gold at risk of another round of weakness in the days ahead...
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EURUSD Price Analysis: Further Upside Looks Limited
The Euro continues to struggle against the US dollar and remains in a downtrend started at the beginning of the year.
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Norges Bank: The Only G10 Central Bank to Raise Interest Rates
The Norges Bank are expected to raise interest rates at the March 21st meeting by 25bps to 1%. NOK strength vs EUR looks promising.
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Sterling Outlook: Brexit Drags on but GBP Remains Supported
The British Pound remains buttressed going into the end of the week, after yet another Brexit vote suggested either PM May’s deal or a very long extension of Article 50.
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Thursday, 14 March 2019
GBP Traders Groan on Brexit Delay - EUR/USD Eyeing Local Event-Risk
Sterling traders may have to endure a few more weeks of Brexit-related uncertainty as the EU-UK divorce continues to unravel. EUR/USD will be watching local event risk in the EU and US.
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Asian Stock Markets Hold Up On Brexit Delay, Trade Deal Hopes
Asia Pacific equity markets rode out a shaky Wall Street lead to post broad gains as Brexit appears set for delay and hopes endure for a US-China trade deal
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EUR/USD Technical Analysis: Buyers Aiming for 1.3338 Resistance
EUR/USD has been steadily rising along a support line with an aim at breaching the 1.3339 resistance, though lasting follow-through is questionable.
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Japanese Yen Weakens Slightly As BoJ Holds Policy, Sounds Gloomier
The Japanese Yen faded a little as the central bank left its ultra-accommodative monetary settings alone and worried about an offshore slowdown’s effects on Japan.
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S&P 500 Makes No Move to Break, Pound Absorbs Another Brexit Delay
The markets are delivering serious unrequited love to traders as the S&P 500 refuses to make something out of its public resistance hold, oil offers no breakout follow through and GBPUSD settles after its run of Brexit votes.
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Gold Falls on Bearish Technical Cues, Oil Prices Eye IEA Report
Gold prices aimed sharply lower following bearish technical cues and US Dollar strength. Crude oil prices now await the IEA monthly report after rallying on the respective OPEC one.
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US-EU Trade Tensions Re-Igniting? Exhausted Euro Looks Ahead
If EU-US trade tensions are re-ignited, the exhausted Euro may be in more pain while the regional anti-risk Swiss Franc may rise if the outlook for Europe further deteriorates.
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EUR/GBP Technical Analysis: Outlook Clouded by Conflicting Signals
EUR/GBP is attempting to resume the dominant downtrend amidst the latest Brexit news. However, the weekly and daily charts offer conflicting cues for its next move. Which will prevail?
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Fundamentals can seem overwhelming, but identifying and isolating the key driver behind a currnecy or capital can help refine our evaluation...
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The US Dollar is firmer ahead of the FOMC rate decision. Expectations is for the Federal Reserve to raise interest rates by 25bps to 2.00-2....