Daily Forex Update: CAD/JPY
By: Dima Chernovolov CAD/JPY continues to rise inside the 15-minute Up Channel chart pattern which was previously identified by Autochartist.
Market Analysis
Wednesday 20th February: Markets turn their attention to the Federal Open Market Committee’s (FOMC) January meeting minutes today – expect volatility.
EUR/USD: Broad-based USD selling along with an advancing GBP/USD market reinforced EUR/USD bulls Tuesday.
Daily Forex Update: GBP/CAD
By: Dima Chernovolov
GBP/CAD continues to rise inside the daily Ascending Triangle chart pattern which was previously identified by Autochartist.
Tuesday 19th February: UK employment figures eyed in early London hours.
EUR/USD:
For folks who read Monday’s briefing you may recall the piece highlighting potential long opportunities on a break above/retest at 1.13 on the H4 timeframe.
Daily Forex Update: GBP/USD
By: Dima Chernovolov
GBP/USD continues to rise inside the daily Ascending Triangle chart pattern which was previously identified by Autochartist.
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Monday 18th February: Weekly technical outlook and review.
EUR/USD:
Weekly gain/loss: -0.26%
Weekly close: 1.1290
Weekly perspective:
Since October 2018, the buyers and sellers have been battling for position between a long standing support/resistance at 1.1465 and a notable demand area coming in at 1.1119-1.1295.
Daily Forex Update: CAD/JPY
By: Dima Chernovolov
CAD/JPY continues to fall inside the 4-hour Rectangle chart pattern which was previously identified by Autochartist.
Friday 15th February: Greenback preserves gains above 97.00 as price builds on gains off monthly supply-turned support area at 95.13-92.75.
EUR/USD:
The single currency came under pressure amid European hours Thursday, largely weighed on by less-than-stellar German growth figures.
Daily Forex Update: NZD/CAD
By: Dima Chernovolov
NZD/CAD continues to rise inside the 30-minute Rising Wedge chart pattern which was previously identified by Autochartist.