Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Stock market: HP can’t recover
Stock market: HP can’t recover

The shares of HP lost more than 10% in February. It was reasonable to expect that the first week of March would bring some relief.

USD/CAD met resistance
USD/CAD met resistance

USD/CAD was rejected down by the resistance in the 1.3460 area. The pair is now trading below the weekly pivot point at 1.3385.

Trade idea for GBP/CAD
Trade idea for GBP/CAD

GBP/CAD made an attempt last week to rise to the 200-week MA in the 1.7750 area but then turned down and closed around 1.7460

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