Latest Market News
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair may go by the signal in an ascending wave. The goal of the growth will be 1.3465; later the price may bounce off the resistance level and extend the downtrend. However, the […]
The Australian dollar against the US dollar is smoothly declining. The current quote is 0.6634. The downtrend has formed a week ago and remains in force. The November PMI in services in Australia turned out at 47.2 points against the expected 49.1 points. The same indicator in the processing industry dropped to 51.5 points against […]
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European stock markets are down, STOXX 50 lost 0.6% amid reports of increased covid measures and new lockdowns in China, which increased market risk aversion. The yuan weakened again, with USDCNY rate increased from 7.02 to 7.16 over the week. The Japanese yen loses ground as well: USDJPY was up more than 1% today rising […]
NZDUSD, “New Zealand Dollar vs US Dollar” The pair is testing the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6110 is expected, followed by growth to 0.6385. An additional signal confirming the growth will […]
USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the ascending trendline downwards. As a result, we should expect a test of 2/8 (140.62), a breakaway, and falling to the support level of 1/8 (139.06). The […]