collected by :kiven Dixter
Forex technical analysis: USDCAD moves below lows from final week. Spike in oil helps the loonieThe spike higher in the value of oil, Information Systems helping the loonie.
Looking at the 5-minute map below, the value has moved back below the 1.2700 level, & the lows from final Thursday & Friday at the 1.2697 area.
Staying below the 1.2700 standard going to be further bearish in the near term.
The value hasn’t traded below the hundred day MA ever October 25th.
Last week, the value traded up toward the 200 day MA (green line, currently at 1.2917).
Forex technical analysis: EURUSD trades at highs. Eyes topside trend line.
Extends above final weeks highThe EURUSD has only moved above final week’s high at 1.1901.
Looking at the every day map above, the pair Information Systems approaching a topside trend line at 1.1914.
A move above which line would look toward the December high at 1.1940 & the November high at 1.1960.
Drilling to the hourly map below, the low in the Asian session did hold a trend line backing line.
The value moved away from which MA line.
Forex technical analysis: GBPUSD trends higher today
As it stated in The range isn’t major however the direction Information Systems higherThe GBPUSD has about a 63 pips trading range today.
The Asian session saw the value meander above & below the hundred hour MA.
At the highs, the value has been capable get above swing highs from December 18 & December twenty at 1.34175 & 1.3420.
The 1.3417-20 going to be eyed as a lock backing standard off the hourly chart.
The break this day gave traders the opportunity to nick a few pips on the breakout.