USD/CAD's momentum slackens

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We are in a strange world where the Canadian dollar should be significantly lower"
- Laurentian Bank Securities (based on Reuters)

Pair's Outlook

Overall the outlook appears to be strongly bullish, mainly due to clearance of the 200-day SMA that prevented emergence of a recovery in a conjunction with a psychological level around parity, as round numbers are generally believed to be considerable obstacles in the way of price moves. Right now USD/CAD is well-positioned for further gains, but the bullish impetus looks exhausted and lacks strength to extend success. Technical indicators too do not suggest a quick surge for the time being.

Traders' Sentiment
Market participants are becoming increasingly bullish towards USD/CAD, already 56% of them are on the buy side, while the portion of bears contracted, being 44% of the total amount of traders at the moment. As for the orders, 59% of them are to buy the Dollar and 41% are to short-sell it.

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 15 Nov 2012 16:11:56 GMT

NZD/USD violates 0.8148

Dearth of buying pressure around 0.8148 resulted in a yesterday's close price dropping beneath the up-trend support line, implying that a period of kiwi's appreciation relatively to the greenback has come to an end. A pullback to the breached line seems to be a viable scenario and would create new trading opportunities. According to technical indicators the price should pare

Thu, 15 Nov 2012 16:11:39 GMT

AUD/USD is headed downwards

AUD/USD has finally closed below the up-trend support line that was responsible for a nearly 300-pip rally over the last 30 days. Both 55 and 100-day SMAs have already been broken, leaving the 200-day SMA at 1.0260/55 exposed. Support levels scattered en route to the moving average are unlikely to pose a serious threat to the evolving leg down, although

Subscribe to "Fundamental Analysis" feed

تسجيل
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال
للمزيد من المعلومات حول منصة تداول الفوركس\الخيارات الثنائية, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول منصة تداول العملات المشفرة\عقود الفروقات\الفوركس, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات عن الوسطاء المعرفين واي معلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال