USD/CAD postpones recovery

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The markets will increasingly react to the U.S. data, in our view. Besides the unemployment rate, data including inflation and bank-loan growth are likely to create volatility in the following weeks."
- IS Investment (based on MarketWatch)

Pair's Outlook

Despite USD/CAD being in the proximity of the tough support levels, there is no bullish activity observed at the moment. The 200-day SMA holds the selling pressure for now, preventing the scenario suggested by the technical indicators from materialising. Another argument to believe the positive outlook will prevail in the end is the major trend-line at 1.0240.

Traders' Sentiment
Nearly three out of four SWFX market participants (74%) are betting that the U.S. Dollar is going to increase in price relative to the loonie, being that right now the latter is one of the least popular currencies. Meanwhile, the share of buy orders increased by six percentage points to 70%.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 24 Sep 2013 14:13:04 GMT

NZD/USD may slip beneath 0.8317/10

Although NZD/USD has not yet decisively breached the support at 0.8317/10, there are almost no doubts that the weekly pivot point, together with the monthly R2, will fail to halt the pair from moving farther south.

Tue, 24 Sep 2013 13:51:02 GMT

AUD/USD stays at 0.9404/0.9379

For the time being AUD/USD is supported by the area at 0.9404/0.9379, but nevertheless hesitates to rally, even though an overwhelming majority of technical indicators on a daily time-frame are giving ‘buy' signals.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.