EURUSD outlook remains positive if we hold above first support at 1.1010/00 after the buy signal, initially targeting 1.1050/60 (hit) & 1.1075/85, perhaps as far as 1.1100/10.
Longs at 1.1010/00 need stops above 1.0980. An unexpected break below here kills the buy signal targeting 1.0950/40 & 1.0905/00 before the swing low at 1.0883/77.

USDCAD topped exactly at 2nd resistance at 1.3230/40 but a break higher today meets a selling opportunity at 1.3270/80, with stops above 1.3300.
First support at 1.3210/00 but below here risks a slide to 1.3190/86 before a retest of last week's low at 1.3166. A break lower retests the September low at 1.3133/29 & below here targets 1.3105/00.

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

EUR/USD struggling to hold above 1.1000

The EUR/USD pair is trading at one-month lows just above the 1.1000 level, undermined by softer-than-expected EU data and persistent uncertainty surrounding the US-China trade relationship.

EUR/USD News

GBP/USD stuck around 1.2850

The Pound traded lifeless this Tuesday, confined to familiar levels against most rival despite mixed employment data and mounting tensions heading into December’s election.

GBP/USD News

USD/JPY hits fresh lows under 109.00 as Wall Street erases gains

The USD/JPY pair printed fresh lows during the American session as equity prices moved off highs in Wall Street.

USD/JPY News

US Dollar Index keeps gains around 98.30 ahead of Trump’s speech

The greenback keeps the bid tone unchanged on Tuesday and is now trading around 98.30 when measured by the US Dollar Index (DXY).

US Dollar Index News

RBNZ Rate Decision Preview: The Federal Reserve pause may be infectious

The RBNZ is predicted to reduce the official cash rate by 25 basis points to 0.75%. If completed it would be the third cut this year and bring the reductions to 1.0% since the bank began in May.

Read more

Forex Majors

Cryptocurrencies

Signatures