USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
Tag - usd
A bearish “engulfing” pattern was formed on the W1 chart of NZD/USD around the 38.2% Fibonacci retracement level of the July-October decline.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Traders are optimistic about the potential trade deal between the United States and China but worry about protests in Hong Kong.
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GBP/USD formed a lower high at the start of this month, pressured by the strong resistance in the 1.30 area.
USD/CNH has been steadily declining since the start of October on hopes that the United States and China would take steps towards some kind of a trade deal.
The USD is feeling fine. Discover the key technical levels for EUR/USD, GBP/USD, USD/JPY, and other pairs.
Technical analysis of the USD/CAD
Traders worry about the prospects for the US-China trade deal and await the meeting of the Bank of England. Watch the video to learn more!
USD/CHF is supported by the 50-day MA at 0.9917. The doji candlestick that formed on the D1 yesterday signals the market uncertainty.
USD/TRY has broken above the descending wedge. It is currently testing levels above the 50-day MA at 5.7372.