Do you know what will shake markets in the upcoming days?
Tag - cad - canadian dollar
GBP/CAD tried to recover in August, but its progress wasn’t very impressive. A “Dark Cloud Cover” pattern was formed on the W1.
There's some optimism about the potential trade deal between America and China, but traders are still cautious. All in all, there are some interesting trade setups. Watch the video to learn more!
The escalation of the trade war between the US and China moved the Forex market at the beginning of the week…
What to expect this week
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
The economic calendar for the upcoming week contains a number of important events…
EUR/CAD has tried to return above the previous support and now resistance line connecting the lows of 2015 and 2017.
What to expect for NZDCAD
Technical analysis of GBPCAD
USD/CAD spiked towards the resistance in the 1.3350 area but failed to close above 1.3305.
After the rate cut by the Federal Reserve and intensified trade tensions last week, the risk sentiment in the market will be under the main attention.