I have reviewed many fundamental parameters and CAD interest rate is decreasing. also USD's interest rate is not changed more than CAD. THE currency pair ( USDCAD ) has broken the resistance level and it must retest it at 38.2% of Fibonacci retracement level. and then continue to rise about 1.31300 level or maybe higher ( but wait for economic data ).
Good evening traders,
Quick look at DXY , the Dolar Index that represent the USD strenght against another currencies.
As we can see the index is on an uptrend since last year, confirmed by 4 touches on our uptrend and now we have 3 touches on our resistance level , confirming that we have an ascending triangle .
On the last 2 weeks the index is moving...
For me this is like that.
Europe broke banks and broke money don't interest me. Eurozone countrys don't have their money. They can't print and no army no new tech.
After 2008 crisis eurozone didnt make any thing. They are in the same position. Eurusd forex mania dont interest me.
Hi everyone! Latest US statements have proven that US won't be too patient watching DXY fall and reach its 1.5 year minimum. Technical/chart analysis has proven that corrections even comebacks of some movements are on the way. Latest China-US economic and trade talks looked like the last collision of two galaxies, whether we follow it or not, the effect will be...