Canadian Dollar Rate Forecast: CAD Slips On Housing Data, Outlook Positive

Canadian Dollar Rate Forecast Key Takeaways: USD/CAD Price Forecast: Pullback to 200-DMA may provide a shorting opportunity Multiple fundamental factors backing Bullish technical view on CAD IG UK Client Sentiment Highlight: Retail long activity jumps, bias for downside emerges The risks that were causing traders to price out Bank of Canada rate hikes seem to […]

EUR/USD Weekly Technical Outlook: Euro Set Up to Rally Next Week

EUR/USD Technical Highlights: EUR/USD held confluence of support on Friday As long as 12215 holds, expecting strength Major resistance arrives at 2008 trend-line, ~12450 For a longer-term fundamental and technical outlook on EUR/USD, check out the recently released DailyFX Quarterly Forecast. The range in the euro since January has had good levels to operate off […]

EUR/USD Weekly Technical Outlook: Choppy Euro Trading to End Soon

EUR/USD Technical Highlights: EUR/USD choppy trading could soon be nearing a resolution Looking increasingly like a bull-flag consolidation (or triangle) Levels and lines worth watching See our Top Trading Opportunities for 2018 and expectations for market volatility this year on the DailyFX Trading Guides. It’s been a difficult past several weeks trying to discern what […]

EUR/USD Weekly Technical Outlook: Euro Seeking Resolution, FOMC Ahead

EUR/USD Highlights: EUR/USD back-and-forth trading has broad outlook mired with uncertainty Topping formation or bull-flag? That remains the big question on this end FOMC rate hike expected, but that doesn’t mean there won’t be volatility See our Top Trading Opportunities for 2018 and expectations for market volatility this year on the DailyFX Trading Guides. The […]

EUR/USD Weekly Technical Outlook: Euro Fending Off USD Buyers (For Now)

EUR/USD Highlights: EUR/USD faring better than other USD-pairs, so far 2008 trend-line remains a big obstacle to overcome Technical levels, lines highlighted on daily and 4-hr time-frames To view the longer-term technical and fundamental outlook for the Euro, or to see our top trade ideas for 2018, check out the DailyFX Trading Guides. Last week, […]

EUR/USD Weekly Technical Outlook: Euro May Struggle More Before Higher

EUR/USD Highlights EUR/USD spun its wheels last week, working off overbought conditions More of the same might happen in week ahead, with a dip lower towards support seen possible More broadly speaking, higher prices are anticipated once the current phase is over To view the longer-term technical and fundamental outlook for the Euro, or see […]