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Technical analysis 03.07.18

USDCAD

The pair stopped growing as crude oil prices reverse upwards due to the suspension of oil extraction in Libya and to the market’s doubts that Saudi Arabia’s increase in crude oil extraction would lead to its overstocking on the world market.

The price is below the middle Bollinger band, …

Technical analysis 02.07.18

EURUSD

The pair is in downtrend following the significant growth at the end of last week as the agreements on the migrants policy were reportedly reached on the EU summit. The pair is likely to remain within the range of 1.1555–1.1720 today, while moving towards its lower edge.

The price …

Technical analysis 29.06.18

USDCAD

The prolonged period of consolidation is over for the pair, as the tensions on the world markets decrease, and the Bank of Canada is expected to raise the interest rates after all, while crude oil prices are expected to grow.

The price is below the lower Bollinger band, below …

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