Weak on chart-GBP/CAD

Forex Trading Signals

The major trend of GBP/CAD is sideways, but from last few days prices are trading in consolidation only. In its hourly chart prices are near the support and If the pair breaks the support of 1.9106 then we can expect it to test the level of 1.9066 in today's session with Stop loss of 1.9130.

                                                      

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STRATEGY:- For Today GBP/CAD is looking weak on chart. We can expect negative movement for few upcoming session. One can go for sell on rise strategy for this pair for intra day positions.

                                                 Technical Report

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1191	1.1254	1.1303	1.1366	1.1415	1.1478	1.1527
GBP/USD	1.5207	1.5271	1.5317	1.5381	1.5427	1.5491	1.5537
USD/JPY	117.42	117.79	118.13	118.5	118.84	119.21	119.55
USD/CHF	0.9231	0.9254	0.9286	0.9309	0.9341	0.9364	0.9396
AUD/USD	0.7695	0.7721	0.7747	0.7773	0.7799	0.7825	0.7851
EUR/GBP	0.7312	0.7343	0.7367	0.7398	0.7422	0.7453	0.7477
USD/CAD	1.2354	1.2386	1.2426	1.2458	1.2498	1.2530	1.2570
NZD/USD	0.7342	0.7386	0.7443	0.7487	0.7544	0.7588	0.7645

 

EUR/JPY hit 3 week high

The major trend of EUR/JPY is bearish, but from last few days prices are not sustaining at lower levels. The pair is taking resistance from the psychological level of 135.50 consolidating & gaining strength to break it upside. Today if the pair breaks 135.50 & managed to sustain above it, then we can expect it to test the level of 136.20/ 136.90 in a day or two.

Prices are also taking support of 30 SMA & can come up to test 200 SMA. RSI is also sustaining in buying territory supporting the ongoing trend. MACD line has recently break the zero line,indicating the up trend in the market.

STRATEGY :- EUR/JPY is looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

                                   Technical Report

                                        

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1206	1.1239	1.1280	1.1313	1.1354	1.1387	1.1428
GBP/USD	1.5125	1.5160	1.5207	1.5242	1.5289	1.5324	1.5371
USD/JPY	117.39	117.88	118.65	119.14	119.91	120.40	121.17
USD/CHF	0.9154	0.9182	0.9223	0.9251	0.9292	0.9320	0.9361
AUD/USD	0.7631	0.7688	0.7729	0.7786	0.7827	0.7884	0.7925
EUR/GBP	0.7360	0.7383	0.7402	0.7425	0.7444	0.7467	0.7486
USD/CAD	1.2302	1.2374	1.2480	1.2552	1.2658	1.2730	1.2836
NZD/USD	0.7317	0.7349	0.7376	0.7408	0.7435	0.7467	0.7494

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FOREX Updates: Technical Levels For GBP/USD Today

Tuesday, May 27 Market Profile British pound can be attributed to trend day. The British pound continued to weaken against the U.S. dollar, continuing a downward trend shaping its structure. Further put pressure on the pair of positive U.S. economic data, as well as the speech of the Bank of England. On the day the fair price protection zones are located in areas VAL - 1.6811 and VAH -1.6881. POC point of control was formed in 1.6858. 

Forecast for today : In today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar. In the case of formation of the first prerequisites for growth, buyers will be kept an intermediate level of resistance in the POC from May 20- 1.6814, above which is a more focused level VAL May 21 - 1.6831 from which we will see a strong enough sales. If the bulls and not rest on it, the main aim of the day will be a test POC, May 26 - 1.6843 and POC yesterday- 1.6858. As for sales, the second wave of falling may be kept back support area POC May 16- 1.6790. Only after consolidation below can argue about reducing GBP/USD to new lows near POC May 15- 1.6766 and VAL on the same day- 1.6742. Farthest weekly goal now is the level of POC from April 15- 1.6721.

Forex: Euro at Risk as Dovish Commentary Stokes Easing Speculation

The economic calendar remains quiet in European hours, with Swiss Trade Balance figures amounting to the only bit of noteworthy event risk on the docket. The trade surplus is expected to edge to CHF 2.1 billion in April, marking a hairline improvement over the prior month. The release probably won’t meaningful direction cues to the Swiss Franc considering its limited implications for SNB monetary policy. Indeed, with the central bank forecasting inflation below 1 percent through 2015, Thomas Jordan and company seem unlikely to step away from an ultra-accommodation policy regime for some time yet.

Elsewhere, traders will continue to watch sideline commentary from the ECB Conference on Central Banks going into its third day in Sintra, Portugal. Policymakers have gathered to discuss ways to address the lingering disinflation problem in the Eurozone with an eye to potentially introduce an expanded stimulus effort as soon as next week. Dovish rhetoric from the summit has failed to apply downward pressure on the Euro thus far but that can swiftly change if vague pronouncements about the severity of the situation are replaced with actionable policy prescriptions. We remain short EUR/USD.

The spotlight turns to US data later in the day, with April’s Durable Goods Orders report and May’s Consumer Confidence reading on the docket. US economic news-flow has increasingly improved relative to expectations in early April, suggesting analysts are underestimating the economy’s resilience and opening the door for upside surprises. Such outcomesare likely to help scatter doubts about continued “tapering” of QE asset purchases, stoking speculation about subsequent interest rate hikes and boosting the US Dollar.

GBP/USD Fell Down to Support Due to UK GDP In-Line with Estimates

GBP/USD Today

The British Pound fell against the US Dollar despite UK GDP reporting in-line with estimates, as back-ward looking data may fail to support bullish outlook.

The second revision of first-quarter UK GDP figures confirmed output grew 0.8 percent, confirming previous estimates. The year-on-year growth rate reported at 3.1%, the highest since the fourth quarter of 2007.

The British Pound has enjoyed a swell in supportive monetary policy expectations and an upbeat GDP print certainly did not fall out of step with that dynamic. Despite the positive back-ward looking data, Spivak suspects whether the data will be enough to carry teh British Pound higher as there is a chance that most if it has already been priced in.

FOREX Trading Signal: GBP/USD Today on 19th May

GBP/USD Trend Today

Quotes performed reversal in favor of the U.S. dollar and began the process of falling in the direction of the correctional level 100.0% - 1.6319. Emerging divergence in none of the indicator is not visible. Rebound of the pair on the level of 100.0% correction will allow traders to count on a turn in favor of the British currency and some growth in the direction of 161.8% Fib level - 1.7250. Securing the pair below the level of 100.0% correction will increase the likelihood of continuing drop in prices towards the next correction level 76.4%- 1.5968.

Couple on the 4-hour chart has formed a bullish divergence, but her last low passed and she canceled, but the couple still performed a U-turn in favor of the British pound and the beginning of growth in the direction of correction level 261.8% - 1.7289. Emerging divergence is observed. Securing of the pair on May 19 under the level of 200.0% correction would allow to expect further drop in prices in the direction of the correctional level 161.8% - 1.6336.

EUR/GBP Trend Today: FOREX News

The last movement of this week giving priority to implement the descending pattern, the purpose of which was to update the annual minimum 0.8156. Today we can observe a surge in demand in the breakdown of this mark. This fact indicates a high probability of a compensatory model to the last mid-term reduction that began in mid-March. The main purpose of growth is becoming an important medium-term resistance level 0.8235, which already serves as a support for the formation of impulse pattern down. Medium- priority model.

An alternative model will be developed if the rate will return to a downward trend that will allow it to consolidate below 0.8156 . This will open the way to the decline to the next support level located at 0.8098 . From the perspective of intraday fluctuations , the current surge of activity a part of buyers fault testing week 0.8159-0.8135. False breakout bottom border closures triggered a large number of loss-making positions in the futures market , which allowed not only to stop the fall, but also form the first reversal model . If the upward movement will continue , the course runs into strong resistance is at fault testing day 0.8193-0.8186, which is located just above the right minimum of two significant previous months. Intraday priority model has the following form.

FOREX Signal and Divergence Analysis of GBP/USD

FOREX Signal Today

GBP/USD Pair performed a U-turn in favor of the dollar and began the process of a drop in prices in the direction of the correctional level Fib 100.0% - 1.6319. Emerging divergence in none of the indicator is not observed. Rebound of the pair on the level of 100.0% correction will allow traders to count on a turn in favor of the UK currency and continued growth in the direction of 161.8% Fib level- 1.7250. Securing quotes below the level of 100.0% correction will increase the likelihood of further fall in the direction of the next level of Fib 76.4%- 1.5968.

On the 4-hour chart has formed a bullish divergence, which leads us to expect a reversal in favor of the British currency and some growth in the direction of correction level 261.8% - 1.7289. Bullish divergence of the indicator CCI: last quotations below the previous low, and similar low indicator- higher than the previous. If quotes May 15 will be the last low divergence, it will be canceled, and depreciation will continue in the direction of the correctional level 200.0% - 1.6697. Securing the pair below the 200.0 % Fib increase the chances of a continued fall in the direction of the next level of correction.

NFP Trading Today: The Big Picture

European currency continued positional trading against the U.S. dollar and on Thursday, May 1st, as traders prepare for the release of important fundamental data on employment in the United States, which can only exacerbate the position of the American currency in the medium.

NFP Day The US nonfarm payrolls for April are the focus today. This is a key indicator for all financial markets because of the importance of employment for the Fed, with its dual mandate to “promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates" as well as the importance of employment as an indicator of the US economy’s health as a whole. 

NFP growth has been remarkably steady. Over the last six months the average has been 188k; over the last year, 187k; over the last two years, 178k; and over the last three years, 187k. Not much difference. The market consensus today is for a larger-than-average rise of 218k, up from 192k in March. The forecast is assuming a steady recovery in the economy coupled with some bounce-back in employment as the cold weather ends. The unemployment rate is forecast to stay unchanged at 11.9% as discouraged workers come back into the workforce, raising the participation rate from last December’s low point. 

Looking at USD/JPY, the pair that we find most responsive to NFP, it was actually lower a week later in three out of the last six positive surprises and unchanged once, meaning USD got a sustained rise only two out of the last six times there was a positive surprise. 

In addition to the NFP figure, we should watch two other figures in evaluating the data: average hourly earnings and average weekly hours. The hourly earnings figure is important, because Fed Chair Janet Yellen has identified wages as an important indicator of the labor market. Her reasoning is that wages will start rising once the labor market starts tightening, so the absence of wage rises means a slack labor market, which means less reason to tighten policy = bad for the dollar. The reason we watch the work week is because regardless of all the emphasis on unemployment, in fact there are a lot more people working than not working and if each one works a bit longer and therefore gets paid a bit more, that can add up to a lot of money – far more than the additional wages of those people who get jobs each month. An increase of only 0.1 ppt in the workweek adds roughly as many working hours to the economy as an increase of 350k to payrolls does. 

GBP/USD Support and Resistance Levels For Today

On Wednesday, March 26, market profile British pound can be attributed to trend day. The British pound strengthened against the U.S. dollar before today's publication of important fundamental data that determine the future until the end of the medium-term direction of the pair , which so far looks very promising. On the day the fair price protection zones are located in areas VAL- 1.6523 and VAH -1.6570. Control point POC was formed in 1.6530. Forecast for today : In today's Asian session, the British pound was trading in a sideways channel against the U.S. dollar . Pound yesterday reached an important resistance level in VAL 19 March -1.6584 above which movement GBP / USD may continue to VAL March 12- 1.6602 and then to the main purpose of yesterday near VAL March 17- 1.6623. Most long longs will wait test level VAH 19 March -1.6640, where you can watch the first profit-taking. Speaking of sales, we can confidently say important support level VAH March 20- 1.6561, below which is also a strong area POC March 26- 1.6530 and VAH March 21- 1.6510.

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EUR/USD Trend and Trading Recommendation Today

After taking a wait all day yesterday EUR / USD pair remained in the range of the maximum amplitude of price changes of about 50 percentage points Thus, there remains the situation, allowing the currency pair to resume progress since February 19, the downward movement in the direction of the first possible target located on the approach to a mark 1.3650. In this case we denote MACD_akatak same divergence indicates that the alleged 2nd wave or b, taking a rather complicated and a long form, has almost completed the process of its formation.

Trading recommendations: As part of the descending wave may start price reduced with the objectives located near settlement marks 1.3646 and 1.3588, which equates to 50.0% and 61.8% Fibonacci. As part of the ascending wave instrument can continue to increase with the objectives located near 1.3762 and 1.3836 marks, which corresponds to 100% and 11.4% Fibonacci. Unsuccessful attempt to break the 1.3762 mark and MACD Divergence encounters conclusion readiness tool to build a downward wave. Breakthrough mark 1.3762 bring upon conclusion readiness tool to continue increasing prices.

GBP/USD Technical Data For Today: Trading Recommendations

Technical Data:

Senior linear regression channel: direction- up. Low channel linear regression: direction- up. Moving Average (20; smoothed)- up. CCI:-57.0391

Therefore, the aim of the current upward movement is the level of Murray "1/8"- 1.6724. If price overcomes the first target, the new target for the upward movement will be the level of Murray "2/8"- 1.6846. In the case of overcoming this and the Target, all levels Murray recalculated and will generate new targets for trade. Drawing attention to the Heiken Ashi indicator that colored the latest bars in blue, can be said about the local downward motion, so long positions will be relevant after the turn indicator up, which would mean the resumption of upward movement. The moving average is pointing up, and the price in turn is above it, so now more urgent upward movement. Shorts can be considered only after fixing prices below the moving average line and turn down any linear regression channel. The CCI indicator is about the level of -100 , which indicates the presence of a weak currency pair oversold.

The next support levels are 1.6602-1.6479-1.6357 while nearest resistance levels are 1.6724-1.6846

Trading Recommendations:

Based on the analysis funtdollar pair, we can conclude that now advised to consider warrant to purchase for the purpose of 1.6724. If this level is passed, the new Target will act 1.6846. Stop level is recommended to place below the moving average, and as his rise up and carry stop-loss. With the passage of 50-60 points stop loss can be moved to a zero level. Open long position is recommended in case of formation of 1-2 bars (depending on size) or purple when prices rebound from the moving average line. Take-profits can be set slightly below target levels Murray. Sell ​​orders considered not recommended.

FOREX News and Forecast For Today: 19th Feb

FOREX News For Today

Australian dollar can be attributed to the normal deviation of a normal day. Australian dollar finished the Asian trading almost unchanged, although the beginning of the session of the Reserve Bank of Australia comments provoked its growth, which further weakened and gave way to decline. Next pair reached strong levels of support, from which then recovered slightly by the end of the day. On the day the fair price protection zones are located in areas VAL -0.9010 and VAH -0.9046. Control point POC was formed in 0.9035. 

From a practical perspective, that document has already reveled the new strategy being adopted by Mark Carney and company, limiting the Minutes’ market-moving potential. With that in mind, follow-through on any near-term volatility borne of subtle nuances in officials’ rhetoric may prove limited. January’s UK Jobless Claims data is likewise on tap, with a 20,000 decline expected.

Forecast for Today

During today's Asian session, the Australian dollar continued to weaken against the U.S. dollar on the back of weak fundamental data. The first resistance level for the AUD/USD now is the level of VAL from February 17 -0.9022 from which the couple may have to return to the test more than usual VAH from February 17 -0.9052 and POC on December 6, 2013 -0.9068. Securing above these levels can lead to the formation of a new upward trend in the area of 9 December VAL -0.9085, and then to the POC from December 11 -0.9107. The farthest goal is still the region POC from December 10 -0.9125.

FOREX Signal For USD/CHF with Today's Trend

The USD/CHF continues downward movement has no correction, and even 1-2 less strong bull bars are also absent.

FOREX Signal For USD/CHF

Current sell signal-strong and confirmed as Chinkou Span entrenched below the price, and the price is below the Ichimoku cloud. So now the goal for the downward movement is the first support level 0.8873. If the price is below the first target has to be available new target for downward movement- the second support level 0.8821.

Downward movement has prospects as long as price is below the Kijun-sen (0.8970) if the price consolidates above the critical line, then a sell signal will be weakened, and the continuation of the downward movement called into question, but may continue upward movement with the aim of first resistance level 0.9007. Chinkou Span is below the price chart, which confirms the current sell signal and indicates a bearish market sentiment for the currency pair USD/CHF.

FOREX Trend and News Today:

Bollinger Bands show a continuation of the downward movement, the bands widen and sent down, so now it is recommended to consider options for short positions. MACD turned down which indicates a downward price movement if the indicator unfold upward, it could signal the beginning of the corrective movement. Indicator also can start at any time to discharge. If the price bounces from 0.8873 level, it can also trigger coil upward correction.

Trading recommendations: franc on the foreign exchange market is now advised to consider shorts with the first goal -0.8873 . When fixing prices below the first target, a target for sales are encouraged to consider the level of 0.8821. Stop-loss orders placed above 0.8970, and if this line will be reduced, it is possible to carry stop-loss after her. Close short positions recommended in case prices rebound from 0.8873 or turn up the MACD indicator. When profitnye deal 50-60 points, stop-loss can be transferred to zero. Take- profits can be set slightly higher than the target levels by about 5-10 points- at the levels of 0.8880 and 0.8825. In addition to the technical picture should also consider the fundamental data and the time of their release.

US Dollar Selloff May Be Nearing an Important Turning Point

The US Dollar continued to face broad-based selling pressure at the start of the trading week as Asian markets played catch-up to Friday’s rally on Wall Street that brought the benchmark S&P 500 index to the highest level since January 22. The area corresponds with where prices traded on the eve of the knee-jerk selloff that materialized following the emergence of a diverse bouquet of emerging-market jitters.

Meanwhile, the closely watched VIX volatility index – investors’ so-called “fear gauge” – has now all but returned to where it started when the panic began as well. Furthermore, the latest positioning figures from the CFTC show speculators are once again net-long S&P 500 futures having been the most net-short in eight months as of February 4.

An empty European economic calendar and a US market holiday are likely to keep things relatively quiet in the near term, but big-picture concerns may fuel renewed risk aversion in the week ahead. On balance, the most significant pitfall remains the disparity between disappointing US economic data and the firm commitment to continue “tapering” QE asset purchases by the Federal Reserve.

Minutes from January’s FOMC meeting and the US CPI data take top billing. The US central bank seems intent to look through near-term performance and press with its $10 billion/month QE reduction cycle. For its part, the headline year-on-year inflation rate is seen rising to a six-month high. Softening growth dynamics coupled with ebbing Fed support may stoke wider fears global growth concerns. Needless to say, that bodes ill for sentiment.

FOREX News: Euro Trend For Today

FOREX Trend Today

The euro exchange rate in the foreign exchange market began February 12 correctional movement with the aim of moving, as evidenced by the blue bars Heiken Ashi indicator. Senior Channel turned sideways, indicating that the lateral direction of the global trend. Low channel also turned sideways, which means that the lateral direction of motion and less long term. At the moment the price is above the moving average and higher than Murray "3/8". Therefore the aim of the upward movement is now level Murray "4/8"- 1.3672, which has already been worked out. If price overcomes the first target, the new target will be the level of Murray "5/8" - 1.3733. The moving average is pointing up, and the price in turn is above it, so now more urgent upward movement. Heiken Ashi colored bars in the last blue color, which tells us about the local downward motion, so longs can be considered after the turn indicator up that will signal the completion of a downward correction. Short positions can be re- considered only after fixing prices below the moving average line. The CCI indicator is about the level of 100, which indicates the presence of a weak currency pair overbought.

The next support levels:

S1 - 1,3611

S2 - 1,3550

S3 - 1,3489

Nearest resistance levels:

R1 - 1,3672

R2 - 1,3733

R3 - 1,3794

FOREX Forecast For Today: 13th Feb 2014

Quotes performed reversal in favor of England currency and consolidation of correctional Fibo level 100.0%-1.6334. As a result, the growth rate continues towards the next correction level 161.8%-1.7255. Emerging divergence in none of the indicator is not observed. Securing the pair below the 100% Fib allows traders to expect a reversal in favor of the U.S. dollar and a fall in the direction of the correctional level of 76.4%-1.5975.

British pound whenever tried to continue its upward trend against the U.S. dollar , but any strong growth wave constantly led to correction of the pair down and removal of stop orders buyers. In general, the bulls have achieved what they wanted, but at what cost? On the day the fair price protection zones are located in areas VAL - 1.6414 and VAH -1.6470. Control point POC was formed in 1.6448.

Forecast for today:

During today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar.

In case of further movement of the pair up , the first level of resistance will VAH from February 11-1.6470 , above which the British can catch POC from January 30 - 1.6480 from which further strengthened with the primary purpose test VAL, January 27-1.6511 and VAL 29 January - 1.6549.

If the Bears will have a strong growth and GBP / USD will be limited , a good level of support for the pair perform VAH region from February 3 - 1.6439 , below which the decline of the pound may lead to test POC from February 10 - 1.6409 and then VAH from February 7 - 1.6385 . Fastening under these levels return GBP / USD to test VAH from February 5 - 1.6341 and then VAH 6 February - 1.6324. The farthest goal is to decline to POC from February 4 - 1.6305.

Important Correlations in SPX500, USD/JPY, & UST 10YY with regard to Q1 2014

FOREX Trend

The important thing correlations many merchants and finance institutions tend to be keeping track of revolve across the several areas. Your several areas that were remarkably correlated considering that the beginning of your 2014 exchanging calendar year are stocks, YOU treasury yields, happening FOREIGN EXCHANGE. More particularly, you are able to turn to your SPX-

500, UST 10-year yields, and the USDJPY and that is many produce a apparent proxy with regard to risk-on and risk-off market emotion.

Anyone must focus on what's closest thing to at least one as well as -1 displaying an adverse connection. Obviously, any kind of market towards itself could well be 1, to help you throw those out and about with regard to assisting you to build a general look at. However the apparent correlations which might be found (i. e. closest thing in order to 1) tend to be USD/JPY & 10-year yields in. 817 & USDJPY & SPX500 in. 8328 giving that you simply trinity connected with risk-on and risk-off connection.

What this means in order to merchants such as all of us is actually if SPX500 as well as USDJPY is going to make the permanent glimpse greater, we have to visit a crack connected with resistance in the two USDJPY and SPX500 and also YOU Treasury 10-year yields with regard to evidence.

Forex-USD/JPY rises on record current account deficit in Japan

Investing.com - USD/JPY rose during Asian trading after Japan's current account deficit hit a record high in December.

According to the data released by Japan's Ministry of Finance on Monday, country's seasonally adjusted current account

deficit for December widened to JPY638.6 billion from JPY592.8 billion in November.

Japan's YoY Bank Lending, that measures the change in the total value of outstanding bank loans issued to consumers and businesses, remained at 2.3%, as per the figures released by Bank of Japan.

Later in the day more data is expected from Japan as Consumer Confidence Survey will be released at 1400 Tokyo (0500 GMT) followed by January Economy Watchers' Survey at 1500 (0600 GMT).

The consumer confidence index fell 1.2 points to a seasonally adjusted 41.3 in December, posting the first drop in two months after a 1.3-point rise to 42.5 in November and a 4.2-point slump to 41.2 in October.

USD/JPY Today

Economy Watchers' Survey, the index for the current economic climate rose to a seven-month high of 55.7 in December from 53.5 in November. Markets are expecting it to go down to 55.5 in December.

USD/JPY rose 0.16% at 102.49, AUD/USD fell 0.09% at 0.8950 while NZD/USD fell 0.12% at 0.8285.

On Friday, the dollar slid after the Department of Labor said the U.S. economy added 113,000 jobs in January, well below expectations for jobs growth of 185,000, after December's lackluster gain of 75,000 jobs.

It was the weakest two-month stretch of job creation in three years as inclement weather contributed to a slowdown in hiring.

Yet the report also showed that the number of people participating in the labor force edged up to 63% from a 30-year low of 62.8% last month, while the unemployment rate unexpectedly ticked down to a five year low 6.6% from 6.7% in December.

Article Source: Investing.com

FOREX News For Today: USD/CAD Trend for 7th Feb

On Thursday, the market continues to consolidate , despite a day earlier published data according to preliminary estimates the number of new jobs created in January. According to estimates of the agency ADP, the number of new jobs is not even reached the level of 180 thousand expected by analysts , and it turned out to 5 thousand less than expected . Foreign exchange market did not react to a significant decrease in this indicator . Apparently players prefer to wait for the official statistics, which will be published next Friday , and act according to circumstances .

Today, in turn, gave players another interesting news. So , the EU is planning to consider the possibility of increasing maturity Greece with its debt and reduce the interest rate debt. According to economists, the repayment period can be extended by almost half. Such news would seem to have had much to cheer bidders , but this did not happen . It seems that the market currently lacks a serious driver for growth. Well, maybe an event such as the opening of the Olympic Games to inspire players some positive wave , and we finally see the long-awaited end of the correction , which is now observed in all world markets.

Technical Analysis.

USD/CAD

Lateral movement of the pair USD / CAD 1.1050 levels between 1.11 and continues until the couple can not break through the resistance or support to resume what or movement. CCI and MACD oscillators are trading higher today, giving a buy signal pairs. Cascade of moving averages is almost on par with a pair of quotes. Today we follow the old advice- purchases above $ 1.11 and sales below 1.1050. Targets for purchases- resistance levels 1.1150 and 1.12, stop below 1.1050. Sales targets for the levels of 1.0985 and 1.0925 support. Stop the sale should be above 1.11 resistance.