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Technical analysis 05.07.18

EURUSD

The pair is trading above 1.1690, having received support after the release of positive economic statistics data from Germany. But it may change its direction and get under pressure if today’s ADP data and the Fed’s monetary policy meeting minutes are positive for the USD.

The price is above …

Technical analysis 04.07.18

USDCAD

The pair is trading on the level of 1.3125 and it’s under pressure due to the increased crude oil prices and the decreased tension concerning trade wars on the world markets.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the …

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, …

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