EUR CAD Overview

Previous: On Wednesday the 18th of April, trading on the EURUSD pair closed slightly up at 1.2373. The single currency got a significant boost from the EURGBP and EURCAD crosses. The pound dropped against both the dollar and euro following the release of disappointing UK inflation figures for March....

Previous: On Friday the 13th of April, trading on the single currency closed slightly up against the greenback. Trading was mixed, with the pair fluctuating within a range of 1.2307 – 1.2346 due to a lack of any new impetus. The euro came under pressure from the publication of the minutes of the ECB...

Today, as always, we have three good trading occasions. Two of them involve CAD and have nice head and shoulders patterns, which are already up and running. EURCAD is the first one. Here, the price broke the upwards trend line (red), neckline (blue), and the horizontal support (orange). After that,....

Yesterday, GBP gave a strong sell signal, not only on the Cable but on other pairs as well. Today, these signals are being denied, which could provide some great opportunities. It is a signal to open a position in the opposite direction. GBPUSD bounced nicely from the neckline yesterday and it look....

Previous: On Wednesday the 10th of January, trading on the euro closed slightly up after Bloomberg landed a blow on the dollar during the European session. The news agency reported that China is planning to reduce or stop its purchases of US government bonds. The dollar dropped as bond yields rose d...

Trading opportunities on the currency pair: In the period from the 12th of July to the 11th of September, the Bank of Canada twice raised interest rates, with the key rate now at 1%. With this in mind, interest in the Canadian dollar is set to rise significantly. In my forecast, I’m predicting a con...