
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
Despite the excellent data for CAD currency, the USD economy also showed good numbers on Friday. While unemployment is still at 4.7% and wages are going up, we might assume that the economy is very strong and that may lead to another rate hike. I personally believe the US Fed will continue to gradually raise rates in the US leading to gradual USD strength in the medium term.
Technically the USD/CAD is showing bullish SHS pattern (inverted head and shoulders) and is supported at 1.3230. 4h close or strong 1h momentum above 1.3270 could spike the pair up to 1.3312 (ATR target) and 1.3330 (H5), USD/CAD bullish outlook is also supported by bullish divergence, so we could see buying into dips towards 1.3312-30 targets.
Monday, 09 Jan, 2017 / 12:32
GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
The crude market saw a much quieter period of trading this week. Price [...]
Biden To Push Through Stimulus Aid
Greenback Fades as Bears Take Control The US index dropped towards the 90 [...]