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EURUSD attempts to recover – Analysis - 29-12-2016[url=http://www.economies.com/includes/extra/get_image.php?image_name=1482987135.png][/url] The EURUSD pair trades positively after touching 1.0370 yesterday, to approach from testing the EMA50 again, which continues to form negative pressure against the intraday and short term trading, noting that stochastic positivity interprets the reasons of the current rise. In general, the main bearish trend scenario still valid and active in the upcoming period unless breaching 1.0519 level and holding above it, as breaching this level represent…
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USD/CAD Forecast Dec. 26-30
second straight week, the Canadian dollar dropped 200 points against the US currency, with USD/CAD closing at 1.3540. This marked the pair’s highest weekly close since mid-February. There are no Canadian events this week. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.The US economy continues to expand at a brisk clip, as third quarter growth beat expectations with an excellent r…