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<p>USDCAD has found some footing at the 100-day simple moving average (SMA) residing at the 1.3724 key trough, following a break of the foundation of a trading range that commenced around early April. The price has been weakening ever since it tested the ceiling of the horizontal market at 1.4264, backed by the intact negative […]

<p>INDICES Yesterday, European stocks continues their advance, with the Stoxx Europe 600 Index rising 1.6%. Germany’s DAX 30 increased 1.1%, the U.K.’s FTSE 100 climbed 1.2% and France’s CAC 40 jumped 1.8%. EUROPE ADVANCE/DECLINE 76% of STOXX 600 constituents traded higher yesterday. 92% of the shares trade above their 20D M

<p>European Union Trade Commissioner Phil Hogan has told the European Parliament’s trade committee that E.U. and U.K. “are not making much progress” on trade talks and the British may not be expecting a deal. This comes after tensions between David Frost and Michel Barnier last week. From a technical point of view, on a dail

<p>Pivot (invalidation): 33.75 Our preference Short positions below 33.75 with targets at 32.85 & 32.25 in extension. Alternative scenario Above 33.75 look for further upside with 34.20 & 34.80 as targets. Comment The RSI is bearish and calls for further downside.</p> <p>The post <a rel="nofollow" href="

<p>Pivot (invalidation): 17.2100 Our preference Long positions above 17.2100 with targets at 17.5200 & 17.6300 in extension. Alternative scenario Below 17.2100 look for further downside with 17.1000 & 17.0000 as targets. Comment The RSI is mixed to bullish.</p> <p>The post <a rel="nofollow" href="https:

<p>Pivot (invalidation): 1708.00 Our preference Long positions above 1708.00 with targets at 1728.00 & 1735.00 in extension. Alternative scenario Below 1708.00 look for further downside with 1700.00 & 1694.00 as targets. Comment The RSI calls for a rebound.</p> <p>The post <a rel="nofollow" href="https:

<p>Pivot (invalidation): 3068.00 Our preference Short positions below 3068.00 with targets at 3015.00 & 2970.00 in extension. Alternative scenario Above 3068.00 look for further upside with 3100.00 & 3180.00 as targets. Comment As Long as the resistance at 3068.00 is not surpassed, the risk of the break below 3015.00 remains high.&l

<p>Pivot (invalidation): 11880.00 Our preference Short positions below 11880.00 with targets at 11654.00 & 11570.00 in extension. Alternative scenario Above 11880.00 look for further upside with 12000.00 & 12100.00 as targets. Comment As Long as 11880.00 is resistance, expect a return to 11654.00.</p> <p>The post <a r

<p>Pivot (invalidation): 6.8000 Our preference Long positions above 6.8000 with targets at 6.8230 & 6.8340 in extension. Alternative scenario Below 6.8000 look for further downside with 6.7810 & 6.7640 as targets. Comment The RSI advocates for further upside.</p> <p>The post <a rel="nofollow" href="http

NZD/USD stays capped for now by the ‘neckline’ to the 2015/2020 ‘triangle’ at 0.6216 and the 78.6% retracement of the February/March 2020 fall at 0.62