USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD is trading at 1.2719; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2620 and then resume moving upwards to reach 1.2935. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 1.2390. In this case, the pair may continue falling towards 1.2305.

USDCAD

EUR/JPY, “Euro vs Japanese Yen”

EUR/JPY is trading at 129.23; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the resistance level at 129.55 and then resume moving downwards to reach 127.55. Another signal in favor of a further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 131.20. In this case, the pair may continue growing towards 132.35.

EURJPY

NZD/USD, “New Zealand Dollar vs US Dollar”

NZD/USD is trading at 0.6902; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6940 and then resume moving downwards to reach 0.6775. Another signal in favor of a further downtrend will be a rebound from the resistance level. However, the bearish scenario may be canceled if the price breaks the cloud’s upside border and fixes above 0.7035. In this case, the pair may continue growing towards 0.7125. To confirm further decline, the asset must break the descending channel’s downside border and fix below 0.6835.

NZDUSD

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Feed news

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD refreshes daily high above 1.1850 ahead of EU data

EUR/USD is trading above 1.1850, as it continues to notch higher on Thursday. Dovish Fed downs the US Treasury yields alongside the US dollar. Rebound in Chinese stocks lifts overall market mood, weighing further on the safe-haven dollar. Eurozone data and US GDP in focus.

EUR/USD News

GBP/USD renews monthly top above 1.3900 on softer USD, Brexit optimism

GBP/USD picks up bids to refresh multi-day high above 1.3900. US dollar tracks Treasury yields to the south amid Fed’s dovish tilt. EU softens legal threat over NI protocol on demand of UK’s Frost. UK scraps quarantine rules for fully vaccinated EU, US travelers.

GBP/USD News

EUR/USD refreshes daily high above 1.1850 ahead of EU data

EUR/USD is trading above 1.1850, as it continues to notch higher on Thursday. Dovish Fed downs the US Treasury yields alongside the US dollar. Rebound in Chinese stocks lifts overall market mood, weighing further on the safe-haven dollar. Eurozone data and US GDP in focus.

EUR/USD News

Dogecoin price action raises more questions than answers, while DOGE threatens a decline

Dogecoin price rebound remains unvalidated as the cryptocurrency fails to register one close above the midline of an ascending parallel channel since the July 21 breakout. Without greater conviction, DOGE is not positioned for notably higher prices.

Read more

FOMC : The statement giveth and Powell taketh away

For a moment after the FOMC statement it seemed that clarity of the hazy central bank variety had surfaced at the Federal Reserve. This sentence was added to the policy announcement, " Since then, the economy has ...

Read more

Majors

Cryptocurrencies

Signatures