Weekly Market Outlook: August 19-23
What to expect this week
Tag - cad - canadian dollar
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
August 19-23: key events for major currencies
The economic calendar for the upcoming week contains a number of important events…
EUR/CAD is under pressure
EUR/CAD has tried to return above the previous support and now resistance line connecting the lows of 2015 and 2017.
Attention: risk sentiment is off
During the European trading session, both the US and the UK yield curves inverted.
NZD/CAD has been moving up
What to expect for NZDCAD
GBPCAD has been consolidating
Technical analysis of GBPCAD
USD/CAD is facing resistance
USD/CAD spiked towards the resistance in the 1.3350 area but failed to close above 1.3305.
Weekly Market Outlook: August 5-9
After the rate cut by the Federal Reserve and intensified trade tensions last week, the risk sentiment in the market will be under the main attention.
CAD/JPY: there are lower levels
Japanese yen has broadly strengthened as the demand for it as a safe haven increased.
AUD/CAD is going for a butterfly
If we look at the weekly chart of AUD/CAD, it looks like the pair is forming a bullish “butterfly” harmonic pattern.
5 important events this week will bring us!
The hottest week has come...
