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USDCAD bearish breakout in play

USDCAD bearish breakout in play

Key Resistance: 1.2500 Key Support: 1.2350 – 1.2300 – 1.2200 After last week’s big rally the USDCAD hit a big key level, the previous broken base at the 1.2500 level. This level is key because it held as support for more than 1 month (Feb. 25 – April 26) before the bearish move continued. This […]

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Theta Fuel Records 66% Spike Following Update Announcement

The Theta Fuel (TFUEL) community is in a frenzied excitement following the announcement of a line-up of proposed innovations. The latest development boosted the cryptocurrency price, despite the overt bearish momentum in the broader market. Arguably the most exhilarating proposal is the launch of the network’s Mainnet 3.0 update, which boasts an array of impressive […]

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NZD/USD Falls into Oversold Region, Uptrend Is Likely

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a bearish trend. The Kiwi has been range-bound below level 0.7300 since April. On May 27, the pair was repelled at level 0.7311 as Kiwi fell to the low of level 0.7125. The pair made an upward […]

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Dollar Maintains Strong mid Rebound, Still Not in a Long-Term Correction

The dollar rose substantially last week, supported by the FOMC’s surprise hawkish expectations. On a severe selloff in markets, the yen came in second, while the euro came in third. The weakest performers were commodity currencies, with the Australian dollar leading the way, followed by the New Zealand Dollar. The Swiss Franc, on the other […]

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