Canadian Dollar, USD/CAD, Technical Analysis, Retail Trader Positioning – IGCS UpdateUS Dollar has been stabilizing against the Canadian DollarRetail traders increased bearish USD/CAD exposure of lateThis is a hint that the price trend may soon reverse higher Following a string of losses, the US Dollar appears to be stabilizing against the Canadian Dollar of late.
Technical Analysis
The dollar remains flat as markets keenly await the Fed’s interest rate decision while China optimism bolsters commodity linked currencies. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES STOP! From December 19th, 2022, this website is no longer intended for residents of the United States. Content
US Dollar, DXY, Moving Averages, False Breakout – Technical Update:US Dollar 5-day winning streak at risk after Tuesday Asia tradeStill, the currency has avoided a deeper bearish trajectory of lateKey resistance is the 20-day MA, support at 100.82 – 101.02 The US Dollar completed its fifth consecutive daily winning streak at the end of Monday.
Euro, EUR/USD, US Dollar, Bollinger Bands, Volatility, Island Reversal, Fibonacci – Talking pointsEuro bearishness has unfolded with some signals having added weightEUR/USD price action has seen mixed volatility outcomes with event risk looming1.1130 might be pivotal for EUR/USD direction. Will it test higher? EUR/USD TECHNICAL ANALYSISThe mid-July peak of 1.1275 traded outside the upper band
27 Jul: Crude Oil Costs Purpose for Finest Month Since January 2022 as Retail Merchants Flip Bearish
Crude Oil, WTI, Retail Trader Positioning, Technical Analysis – IGCS Commodities UpdateCrude oil prices have rallied over 12 percent this month so farMaintaining gains would mean the best 20 days in 18 monthsOn the daily chart, WTI broke above the 200-day moving averageMeanwhile, retail traders are becoming increasingly bearish WTI crude oil prices rose about
As we head into a busy period of Central Bank Meetings the UK and EU PMI data showed signs of a slowdown today just as market participants were looking at the possibility of a soft landing. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Rates STOP!