There's a 'Hammer' pattern, which led to the current upward price movement. In this case, we should watch the nearest resistance...
Tag - cad - canadian dollar
GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks.
It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements.
Pay attention to the EUR/CAD and USD/CAD today!
The market faced support by the 55 Moving Average and the 'Window', so there're bullish patterns such...
Find out the most important events in the market for the upcoming week!
It's likely that the pair is going to test the nearest support at 1.3259 and the 55 Moving Average...
USD/CAD was rejected down by the resistance in the 1.3460 area. The pair is now trading below the weekly pivot point at 1.3385.
GBP/CAD made an attempt last week to rise to the 200-week MA in the 1.7750 area but then turned down and closed around 1.7460
The most significant events that will shake markets
Markets are waiting for the NFP release (15:30 MT time)…
We've got a 'Hammer' pattern, which has been confirmed. There's no any reversal pattern so far, but it's likely to have...