Thursday, April 18, 2019
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USD/CAD 15Feb19 | EconAlerts

Technical Analysis – USD/CAD holds within SMA

USD/CAD holds within SMA; sharp move up needed for more gains. USD/CAD came to close to break the 40-day simple moving average (SMA), surpassing the 23.6% Fibonacci retracement level of the upward movement from 1.2060 to 1.3663, around 1.3285, earlier today. The positively aligned Tenkan-Sen line serves as a testament to the bullish short-term momentum

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USD/CAD 8Feb19 | EconAlerts

Technical Analysis – USD/CAD rallies to 2-week highs

USD/CAD rallies to 2-week highs; stochastics overbought. USD/CAD has maintained bullish momentum for the fifth consecutive trading day, reaching two-week highs at 1.3328 on Friday. In the short-term, the RSI is signaling further improvement as the indicator is rising above its 50 neutral level. Yet with the fast stochastics rising towards the overbought threshold of 80, downside

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