Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated:
On Tuesday USD/CAD long positions should be opened above the hourly 21-period Exponential Moving Average (1.3944) with targets set in proximity to December 21st high of 1.3995 and stops placed just below the hourly 50-period EMA (1.3915-1.3925 area). Short positions, on the other hand, could be opened below the low from December 21st (1.3910) with targets set in proximity to December 18th low of 1.3851 and stops placed just above the hourly 21-period EMA.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Related News
Commodities trading outlook: crude oil and natural gas futures WTI and Brent futures were slightly higher during midday trade in Europe today, after dropping on bearish news from Libya and a lack of escalation in Iraq, where the oil-producing South was deemed safe. Meanwhile, natural gas futures slumped […]
GBP/USD edges higher after BoE minutes amid 4-year low unemployment rate The pound rose against the US dollar after Bank of England released its December 5th policy meeting minutes. The British currency was also supported by a report by the UK National Statistics, which revealed that the unemployment rate reached a […]
AUD/JPY Slides Toward 114.00 as RBA and BoJ Views Shift Key Moments
AUD/JPY trades lower near 114.00 in early European action on Friday, though the broader bullish trend remains intact.
Tokyo core CPI stayed below the BoJ's 2% target for a fourth straight month in May, while […]
Forex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.3051-1.3216. The pair closed at 1.3064, falling 0.85% on a daily basis. It has been the 29th drop in the past 61 trading days, a second consecutive one and also the steepest one since March […]
Forex Market: EUR/MXN daily forecast During yesterday’s trading session EUR/MXN traded within the range of 17.620-17.839 and closed at 17.774.At 6:22 GMT today EUR/MXN was adding 0.08% for the day to trade at 17.779. The pair touched a daily high at 17.784 at 4:20 […]
| Updated: 
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
