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General Analysis

Technical analysis of the currency pair USD / CAD on 18/10/2016. The daily chart

General analysis

Since the end of last week the price of the US dollar relative to the Canadian dollar continues to fall and now it has already reached the level of 1.3080. 

At the moment the rising price channel was formed the width is 370 points and the price in a downward movement already approached the bottom of the channel to 1. 1.3050.

More likely, you can expect a rebound from this level and the resumption of the growth but as always firstly we should get confirmation of rebound from the support level at 1.3000.

In the case of penetration of the lower boundary of the price channel and fixing of the price below 1.3000 most likely we will be able to test the support levels at 1.2800 and 1.2830.

The RSI is in the neutral zone and does not provide any essential signals.
The MACD shows movement below the zero line and continues to fall, confirming the presence of the downtrend on the chart.

Next few days 

At this stage, we recommend trading with rebound or breakdown at the lower boundary of the price channel at 1.3000. Given the global growth of the US dollar more likely we expect the rebound from the level and the resumption of the upward movement. 
Target points for profit taking for long positions are located at 1.3150 and 1.3220.

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Analytics

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Get accurate financial information for free directly from our website by visiting our Analytics section.

We cover all major currency pairs, some exotic pairs, as well as metals and crude oil. This information is prepared by our dedicated analysts who update the feeds daily.

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Technical analysis of the currency pair EUR/USD on 20/10/2016. The daily chart

General analysis.
After breaking through the support level at 1.1140 the European currency began to significantly decline against the US dollar and the entire past week was held under the guidance of the "bears". The price has been tested the level of 1.0900 and right now the price is 1.0965.

Yesterday's daily candle closed as a "doji" with a huge bottom shadow and such formation with a rapid and dropping market tells us that it is possible that the bottom was found and price can fix here for a while. 

Past similar decline for EUR / USD was recorded in July 2016 after the news about Brexit. At that time, the price had also tested the level of 1.0900 and then we went into a prolonged correction.

It is recommended to close all previously opened short positions at this stage because in the near future most likely we will see a pullback on the EUR / USD.

Next few days

Nevertheless we cannot completely abolish the scenario of further reduce and probably the level 1.0900 will be broken soon. In such case our next target will be the level of 1.0820.

We recommend to wait for the resolution of the situation with the breaking of the level and with penetration of support level 1.0900 open short with target point at 1.0830 and 1.0820.

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Technical analysis of the currency pair USD / CHF on 25/10/2016. The daily chart

General analysis
Last week the price of the currency pair USD / CHF has risen slightly more than 100 points and came close to the support level at 0.9950.

If we consider US dollar in a global market we can note that price for this currency increases in relation to all the main quotes but nevertheless now we see a pause in the growth and soon we expect a correction against the general uptrend.

Recently the price has already approached several times to the level of support at 0.9950 and both times it was an insurmountable wall for the currency pair and the price  could not break it.

Comparing the Stochastic indicator chart with price graph we can see a clear divergence which was formed last Friday. Such trading signal on the daily chart and with and rising market it is quite strong signal to sell the US dollar and it cannot be ignored.

Next few days

Considering the overall situation in the market for the US dollar, price closeness to a significant support level 0.9950 and the presence of divergence in the graph we have all the signals for the opening of sales for USD / CHF.  
The general trend is still increasing but today there is the most favorable situation to play on the rollback of the price.

During this week, we are likely to see a decrease to at least 0.9850 or even further to 0.9780.

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Technical analysis of the currency pair USD / CAD on 27/10/2016. The daily chart

General analysis.
From the moment of opening of the market this week currency pair USD / CAD has increased for almost 200 points and now it is at the level 1.3370. In the graph we can see a clear upward movement during the entire week without any corrections. At the moment the price is approaching to an important resistance level for the Canadian dollar on the mark 1.3410 we have all the reasons to expect a «rebound» from it and further decrease to 1.3210. 

Major currency pairs continue to decline against the US dollar and we expect such actions from the Canadian dollar also. The fact that prices are located close the important resistance levels serves us a signal for the opening a short position.  

Traders should attentively follow the developments in a next few days and after receiving confirmation about the "rebound" from the level opens short deals with a medium volume.

Next few days

Today, it is too early to enter the market for sale since the peak of the upward movement was not formed yet and there is a high probability of "false breakouts". But at the same time to open long positions it is too late. 

We recommend opening dealings to sell after the peaks formation at the level of 1.3410 with target points of taking profit at the mark 1.3230. Order S/L can be set up by 20-30 points higher the upward movement peak.

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Technical analysis of the currency pair USD/CAD on 03/11/2016. The daily chart

General analysis.

Yesterday's trading day has passed without major changes for the pair USD/CAD and daily candle closed as a "doji" with a long upper and lower shadows. The last two weeks have been for the US dollar with increases and the price has reached the upper border of the price channel around 1.3535.  

At the moment, we see progressive downwards movement after a rebound from this level of resistance and all previously open long positions should be closed today at the market price in case you have not done it earlier.
Schedule of Stochastic indicator shows us a trend reversal moment and the beginning of decline. Overbought signal line has been crossed from top to bottom, and continues to decline.

Next few days

Given the price rebound from the upper border of the price channel as well as the formation of the candlestick patterns "Doji" and "hanging man" we can predict the potential beginning of a downtrend and a possible reduction in the framework of the price channel.

Confirmation comes from Stochastic indicator with a clear signal to sell.

Transactions can be opened now with placing orders S/L at 20-30 pips above the upper boundary of the channel at 1.3500

 

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Technical analysis of the currency pair AUD / USD on 08/11/2016. The daily chart

General analysis

At the end of last week currency pair AUD / USD has broken through the resistance level at 0.7710.
Over the last month, this level was a significant barrier of the price growth. Meanwhile the resistance 0.7710 was an upper bound of the price channel 0.7710-0.7450. After breaking through the level the price has fixed above the level and now it shows so called "back testing".

According to the rules of technical analysis the possible price movement due to the penetration of the resistance line is measured by channel height. So we can see the Australian dollar at 0.7830 in the near future.

Stochastic indicator shows us a clear Buy but the signal line is already included in the overbought zone.

Next few days
We recommend to open long positions on the AUD / USD after the start of the upward movement from support at 0.7710. The point of entry must be sought at hour and half hour timeframes. You can open a buy position after formation of "doji" near the support or other reversal figures.

We recommend to set up S / L order at 0.7670.

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Technical analysis of the currency pair EUR/USD on 10/11/2016. The daily chart

General analysis.

On the background the latest news from the presidential election in America currency pair EUR/USD started to decline sharply
At the time when Clinton was in the lead dollar began to fall but when it became known that Trump is likely to win this rally market turned around and started to increase.

Right now Decreasing formation is formed on the chart and yesterday's daily candle has a very high volatility almost 420 points which itself could lead to short-term price correction today.

Stochastic indicator show us the prevalence of decline in EUR / USD and gives a clear signal to sell.

The closest support level for the price reduction will be the level 1.0800 and with penetration of which new target to fall will open (1.0720 and 1.0680).

Next few days 
We expect continuation of decrease in this currency instrument Most likely we will see the testing support level 1.0800 next week.

There is a possibility of short-term correction but after the results of the latest news from the Americas region general direction for the currency pair EUR / USD is falling.

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