OctaFX | OctaFX Forex Broker
Open trading account

USD/CAD powerful rally threated

From an hourly perspective, the USD/CAD has reached its highest momentum reading of the last 20 days of trading.

Recent USD/CAD longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.

With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.

ECB and EUR: Two-way risk – TDS

According to analysts from TD Securities the European Central Bank meeting tomorrow is a two way risk for the euro, that could rise or fall, depending on what the ECB decides and what Draghi says.
Read more Previous

USD/SGD undergoes corrective process

USD/SGD undergoes corrective process
Read more Next
Start livechat