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Technical overview 12.04.18

USDCAD

The pair is in downtrend as the geopolitical tension surrounding the situation in Syria increases. It’s still unclear whether the US will carry out a missile strike, but if it happens, the tension will reduce and the pair will be expected to reverse upwards.

The price is below the …

Forex: technical overview 11.04.18

EURUSD

The pair received support due to the increased demand for risk assets, but today it may reverse downwards if the US consumer inflation data is stronger than predicted.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is …

Forex: technical overview 10.04.18

EURUSD

Although the pair did rise this Monday following the increased demand for risk assets, it’s still trading flat. It’s likely to correct downwards, as it’s locally overbought.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is above …

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