usdcad exchange rate forecast looney Strong support at 1.2960-1.3060 area was broke down day close below 1.2960 will confirm the next level at 1.2690-1.2720 area, while staying above 1.31 put the option for more correction to comes to 1.38 areawith stops at 1.33 1.35Cross up again 1.4030 meaning the bullish trend didn’t over yet,while break down 1.2630 area will target 1.19…
USD/TRY Technical Analysis Forecast Yesterday we got FOMC decided to “maintain the target range for the federal funds rate at 1/4 to 1/2 percent “, but cut its forecast, and now expects two rate hikes this year to 0.9%. Following the announcement, the dollar was down more than 1% against the major currencies and this, of course, affected the Turkish…
Is gold finish the uptrend move? Gold Delete any upward movement from ThursdayBreaking here and gold will go very quickly to 1224, this is nice little trade, as long as the gold stay below 1248 region areaSpeaking in 1224 arae- breaking of this region will give the target area 1190 + _On the other hand, also can support in the 1224…
Why the Markets Afraid from Fed interest Rate Decision The Federal Open Market Committee (FOMC) financing cost choice on Wednesday at 2 p.m. ET, trailed by a question and answer session at 2:30 p.m. ET with Federal Reserve Chairman, Janet Yellen.It is broadly expected, the Fed won’t raise rates, particularly since the European Central Bank cut rates this previous week.Work…
will crude oil prices reached the 50$ LAST POST Crude Oil Inventories posted yesterday, The EIA report released on Wednesday showed that U.S. crude inventories rose more than forecast the previous weekfrom the technical side as I mention the last post- the pattern suggest the bullish trend, for the coming trading sessions, pointing that the prices creating a possible bullish pattern that…
Turkish lira technical analysis forecast Turkish lira – usd/try Looking at the graph of the Turkish lira, the currency made double top at 3.06-7 pricesNow there are several options:Price level convergence 2.86 area wider range of 2.75 to 2.87Breakdown 2.75 level will send the pair to the 2.65-66Conversely up crossing the 2.87 area confirming the continuation of the main trend…
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Where USD/CAD is Headed in the Next Round….USD/CAD LAST POST I’m not going to repeat my story, you can read this in the blog history just to give you quick update technical analysis on usd/cad prices The Canadian dollar continues to climb, due the oil prices continue to rise as I mention my last post on the crude oil the target will be around 40$, this…
Here Come New Ideas for Oil From my last post on February: last post shortly all targets reached!A lot of talks and posts about politics Government relations – Supply and Demand-Iran and Saudi Arabia And more and more endless story and causes ..that’s the reason I’m trying all the time to focus on the charts they tell us all the story without involving HeadachesAnd emotion.now if we look…