Elhadi_Bouazizi

Elhadi_Bouazizi

On the weekly and daily charts the pair faces strong resistance levels as shown in chart: The trend line from the top 125.85, which started its course in mid-2015. The 100 SMA at 109.75 and the 200 SMA at 109.94 level. Resistance lines for previous tops and lows between 109.24 and 109.67. The 50% Fibonacci retracement level from 114.53 is high at 109.51. On...

Elhadi_Bouazizi

double top reversal pattern

Elhadi_Bouazizi

AS YOU SEE IN THE CHART THE PAIR FACING STRONG RESISTANCE LEVEL

Elhadi_Bouazizi

EURUSD is trading within the strong support level at 1.1114, and looking at the daily chart, we notice that the pair tested these levels on four occasions during the year 2019. The chances for these support levels remain weak unless there is any surprise from the Fed, so if broken, the next support level would be 1.1023 then 1.0926. On the 4h chart, the pair is...

Elhadi_Bouazizi

Despite the USDCAD / Color declines in the last days of last week, the pair managed to gain for the second week in a row. These gains were mainly due to the strength of the US dollar as a result of positive economic data that supported the greenback, where the US dollar index reached its highest level in two years. On the other hand, the Canadian economy is...