The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
EUR/USD: 'V-Bottom' points to upward correction
There's a 'V-Bottom', so we're likely going to have an upward correction. The main intraday target is the nearest resistance at 1.1425 - 1.1478. A pullback from this area could be a starting point for another decline towards the next support at 1.1365.
It's likely that there's a 'Triple Bottom', so the price is rising. In this case, we should keep an eye on the 55 Moving Average as a bullish target. Meanwhile, if a pullback from this line happens next, there'll be a moment to have a decline in the direction of another support at 1.1365.
Sergey Logachev
Similar
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD at the 3-weeks low
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Latest news
GBP/USD: levels to trade
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.
AUD/JPY needs to decide
AUD/JPY has reached the support line connecting August and October lows in the 73.30 area. What's next?
The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Deposit with your local payment systems
