EUR/USD shorts at 1.1030/35 unfortunately stopped above 1.1045 & shorts at 1.1065/75 were tricky on the spike to 1.1089.

USD/CAD bottomed exactly at our buying opportunity at 1.3270/60 for a bounce to 1.3309.


Daily analysis

EUR/USD holding above 1.1065/75 allows further gains to resistance at 1.1095/1.1105 as we become overbought short term. Shorts here need stops above 1.1120.

Try longs at 1.1050/40 with stops below 1.1025.

USD/CAD meets the buying opportunity again at 1.3270/60 (which has worked a couple of times). Stop below 1.3250. A break lower is a sell signal targeting 1.3240/35 & 1.3220/15. Minor resistance at 1.3285/90 & the recovery high of 1.3322/27. A break above 1.3330 targets minor resistance at 1.3350/55 & at 1.3385/85. A break above here is another buy signal.



Weekly outlook is negative.

Daily outlook is neutral.

Short Term outlook is neutral.

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Analysis feed

Latest Forex Analysis

Editors’ Picks

GBP/USD hits new 7-month highs as Tories hold the lead

GBP/USD has hit new seven-month highs closer to 1.32 as weekend polls have reaffirmed a solid lead for PM Johnson's Conservatives. Cable dropped on Friday amid upbeat US data.


EUR/USD steadying above 1.1050 amid upbeat German export data

EUR/USD is trading above 1.1050, attempting a recovery after Germany reported an increase in exports in October. EUR/UDS dropped sharply on Friday amid upbeat US Non-Farm Payrolls and weak German industrial output. 


Forex Today: US-Sino trade tensions prevail, Boris closer to victory, EUR/USD licking its wounds

Trade talks: President Donald Trump has called on the World Bank to stop lending to China, a move that may aggravate tensions, with only six days to go until Washington is set to slap new tariffs on Beijing. Negotiations continue.

Read more

Gold: Sidelined after biggest daily decline in four weeks

Gold is lacking a clear directional bias in Asia, having registered its biggest single-day decline in four weeks on Friday. China's data may embolden President Trump to take more aggressive measures. 

Gold News

USD/JPY in search of a firm direction, stuck in a range above mid-108.00s

USD/JPY was seen oscillating in a narrow band and consolidated last week’s losses. US-China trade uncertainties continued underpinning the JPY’s safe-haven status. Investors now seemed reluctant ahead of the latest FOMC monetary policy update.


Forex Majors