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 Wednesday USD/CAD long positions should be opened above the hourly 55-period Exponential Moving Average (1.3925) with targets set in proximity to December 22nd high of 1.3967 and stops placed just below the hourly 100-period EMA (1.3890-1.3900 area). Short positions, on the other hand, could be opened below the low from December 22nd (1.3913) with targets set in proximity to December 18th low of 1.3851 and stops placed just above the hourly 21-period EMA (1.3925-1.3935).
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
Crude oil trading outlook: WTI futures steady after mixed EIA inventories data West Texas Intermediate crude was mostly unchanged on Wednesday after government data showed US crude inventories declined almost three times more than analysts had projected but gasoline stockpiles unexpectedly gained, signaling a weakness in […]
Grain futures edge higher on reduced yields outlook Grain futures rose on Friday amid concerns that dry weather in the Midwest U.S., the largest producing region, may hurt crop yields.On the Chicago Board of Trade, corn futures for delivery in September jumped to $4.9163 per bushel at 9:33 […]
GM bounces back to normal levels The General Motor Co. shares price came back almost to 2011 levels following the global economic picture recent months as it closed at $33.42 on Friday. The share price raise led investors to discuss a possible Treasury withdrawal from the […]
USD/ZAR hovers above 3-week low after South Africa CPI The USD/ZAR currency pair hovered just above a fresh 3-week low of 18.4876 on Wednesday, as the Rand remained firm against a broadly weaker US Dollar after the latest CPI data out of South Africa.Annual consumer price inflation in South […]
Forex Market: USD/CAD daily forecast During Friday’s trading session USD/CAD traded within the range of 1.0822-1.0868 and closed at 1.0845.At 11:13 GMT today USD/CAD was gaining 0.15% for the day to trade at 1.0861. The pair touched a daily high at 1.0864 at 10:53 […]
| Updated: 
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
