Price & Time: USD/CAD Holding Up Well

| 19 augusti, 2015 | 0 kommentarer

Talking Points

  • Price Time covers pivotal technical themes daily and can be delivered to your inbox any morning by fasten the placement list: Price Time
  • EUR/USD impending vicious near-term pivot
  • USD/CAD binds pivotal support line

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Foreign Exchange Price Time during a Glance:

Price Time Analysis: EUR/USD

Price amp; Time: USD/CAD Holding Up Well

ChartPrepared by Kristian Kerr

  • EUR/USD has treaded usually reduce given unwell final week during a 61.8% retracement of a May – Jul operation nearby 1.1215
  • Yesterday’s tighten subsequent 1.1040 has shifted a near-term disposition to disastrous on a rate
  • A Gann angle line from a Mar low comes into play around 1.1000 and this looks to an critical downside focus for EUR/USD
  • A teenager spin window is eyed today/tomorrow
  • A daily tighten above 1.1215 would spin us certain on a euro

EUR/USD Strategy: Square for now.

Price Time Analysis: GBP/USD

Price amp; Time: USD/CAD Holding Up Well

ChartPrepared by Kristian Kerr

  • GBP/USD traded during a top spin in over a month yesterday, though stalled during a 1×1 Gann angle line of a Jun high around 1.5720
  • Our near-term trend disposition is disastrous on wire while subsequent 1.5720
  • A pierce subsequent Fibonacci support around 1.5560 is indispensable to re-instill some downside movement in a rate
  • The latter half of subsequent week looks critical from a cyclical perspective
  • A daily tighten above 1.5720 would spin us certain on a pound

GBP/USD Strategy: Square for now.

Focus Chart of a Day: USD/CAD

Price amp; Time: USD/CAD Holding Up Well

USD/CAD stays in converging mode subsequent a new 1.3212 multi-year high. Following a dermatitis final month above a 2009 high a broader technical opinion is generally auspicious with a pierce by 1.3212 indispensable to mangle a stream corner and transparent a medium-term run aloft towards a 61.8% retracement of a 2002 – 2007 decrease nearby 1.3500. The reversal from a high has been comparatively tame so distant as a low finish of a median line channel drawn from a May low has upheld downside attempts well. A daily tighten subsequent this spin (currently during 1.3045) would be an early warning pointer that a improvement is gaining traction, though usually a transparent mangle of final week’s low during 1.2950 would spin a near-term technical design some-more acutely disastrous for funds.

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Written by Kristian Kerr, Senior Currency Strategist for

This announcement attempts to serve try a judgment that mass movements of tellurian psychology, as represented by a financial markets, are theme to a mathematical laws of inlet and by a use of several geometric, arithmetic, statistical and cyclical techniques a improved bargain of markets and their analogous movements can be achieved.

To hit Kristian, e-mail [email protected]. Follow me on Twitter @KKerrFX

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Kategori: Analys från DailyFX

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