EURUSD Wave Analysis

EURUSD remains under selling pressure Next pause at 1.0665-1.0685 Stochastics and MACD confirm bearish structure EURUSD recently took a considerable dive, falling beneath the 1.0700 round number and developing below the long-term ascending trend line. The pair began the day with a negative gap, with the technical oscillator suggesting further declines. The stochastic is moving  toward the oversold region, while the MACD […]

USDCAD reversed from resistance zone  Likely to fall to support level 1.4400 USDCAD currency pair recently reversed down from the resistance zone surrounding the major long-term resistance level 1.4400 (which stopped the sharp uptrend at the start of 2020) intersecting with the upper weekly Bollinger Band. The downward reversal from the resistance level 1.4400 stopped […]

Markets Fed governor Waller was the sole highlight of yesterday’s uninspiring, holiday-thinned (Columbus Day in the US) start of the trading week. The man touted as current chair Powell’s successor said the “totality of the data” favours “more caution on the pace of rate cuts than was needed at the September meeting”. He called the […]