-
USDCAD extends its bullish rally to new 2-month high
USDCAD skyrocketed to another fresh two-month high of 1.3774 during yesterday's session, adding more than 2.5% following the rebound from the double bottom pattern around 1.3420. The aggressive buying activity above the 1.3650 barrier, which served as a neckline, completed the latest formation. Currently, the price is experiencing its eighth straight green day, with the technical oscillators showing more room for improvement in the market. The MACD is extending its positive momentum above its trigger and zero lines, while the RSI is ready to cross above the 70 level. More upside pressure could open the door for the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Oct 12, 2024 5:55am Oct 12, 2024 5:55am
- Guest
- | IP XXX.XX.102.190
-
- Older Stories
From bnnbloomberg.ca|Oct 11, 2024Japan’s Ministry of Finance plans to temporarily exclude Nomura Holdings Inc. from taking part in government debt auctions after the firm admitted to manipulating the bond futures ...
From youtube.com/easymarkets|Oct 11, 2024It is Canada's turn to share their employment numbers. After last week's positive US figures, can the neighboring Canada deliver something similar?
From abc.net.au|Oct 11, 2024Prime Minister Anthony Albanese says he has secured a promise from China's Premier Li Qiang to lift a ban on Australian rock lobsters by the end of the year. The news will be ...
-
- Newer Stories
From bbc.com|Oct 11, 2024|6 commentsA gang has been convicted after trying to smuggle cocaine with a street value of about £200m into the UK inside a shipment of bananas from South America. A long-running court ...
From bls.gov|Oct 11, 2024|8 commentsThe Producer Price Index for final demand was unchanged in September, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.2 ...
From statcan.gc.ca|Oct 11, 2024Employment rose by 47,000 (+0.2%) in September while the employment rate declined 0.1 percentage points to 60.7%. The unemployment rate fell 0.1 percentage points to 6.5%. In ...
- Story Stats
- Posted: Oct 11, 2024 6:51am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 4,417
