OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/CAD: Top has been formed - Commerzbank

Axel Rudolph, senior analyst at Commerzbank, suggests that a top has clearly been formed for the USD/CAD pair with the October low at 1.2783 being back in the pipeline.

Key Quotes

“Once the December low at 1.3161 has been slipped through, the 200 day moving average at 1.3096 will be in focus as well as the 2018-19 support line at 1.2948.”

“Minor resistance above the 55 day moving average at 1.3332 can be seen at the June high at 1.3386 as well as at the early December high at 1.3445.”

EUR/JPY Technical Analysis: Downside pressure expected to persist below 125.00

EUR/JPY daily chart EUR/JPY Overview:     Today Last Price: 123.88     Today Daily change: -15 pips     Today Daily change %: -0.121%     Tod
Read more Previous

EU ready to make further offers on backstop to Britain – HB Citing Sources

According to the latest headlines floating on the wires, via Handelsblatt citing diplomat sources, the EU is ready to make further offers on the backs
Read more Next
Start livechat