USDCAD Wave Analysis

Markets Yesterday’s market reaction to EMU and US eco data suggests that the bottom below core bond yields is becoming firmer after the significant November/December correction. Energy-related base effects and travel-related services costs caused a new uptick in national German/French inflation data, though in line with forecasts. Monthly price momentum was even softer than feared. […]

AUDUSD remains beneath uptrend line and 200-day SMA Bearish wave on the cards RSI and stochastic suggest upside recovery AUDUSD is recouping some losses today after the aggressive sell-off of the preceding three days, posting a new two-month low near 0.6520. The pair slipped beneath the medium-term ascending trend line and the 200-day simple moving […]

EURJPY may find significant resistance at 164.00 Rebound off 7-month low still holds RSI heads down below 50 level MACD recovers above its trigger line EURJPY is currently heading south following the unsuccessful battle with the 162.30 resistance level, which is the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40. However, […]