USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/CAD is under pressure
Trade idea
SELL 1.4715; TP 1.4600; SL 1.4745
EUR/CAD has tried to return above the previous support and now resistance line connecting the lows of 2015 and 2017. However, last week the euro failed to close above this area and the 200-week MA (1.4868). This week, another attempt of bulls to test this level failed. On D1, all the key MAs - the 200-, 100- and 50-day moving averages are above the current price keeping it under pressure. On H4, there’s a series of lower highs: each time buyers tried to push the price higher, they failed earlier than before. There are still support levels at 1.4750 and 1.4725, so conservative traders will be sure of a top when the pair slides below 1.4720. The target will be at 1.4600. On the upside, a close above 1.4860 is needed to open the way up to 1.4920 (100-day MA).
Elizabeth Belugina
Similar
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
Latest news
USD/ZAR: there’s more to come
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
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