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: October 30, 2024
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
Forex Market: GBP/USD daily trading forecast Yesterday’s trade saw GBP/USD within the range of 1.5301-1.5382. The pair closed at 1.5350, going up 0.24% on a daily basis, following four consecutive trading days of losses. The daily low was a test of Fridays low and has also been the […]
UbiSoft Entertainment’s shares rise thanks to console sales The shares of UbiSoft Entertainment SA rose to the highest in almost a three-month period, after the 13-year ban on video-game consoles was lifted by China. The sales of the gaming machines of Sony Corp. and Microsoft Corp. also helped drive […]
Microsoft share price up, agrees to end contract dispute with Samsung Microsoft Corp and Samsung Electronic Co announced on Monday they have agreed to settle a contract dispute over the South Korean giants use of the Android operating system.Although Google owns the Android platform, some technologies used […]
Copper Futures gain over 1% on upbeat China inflation data Copper Futures surged more than 1% on Monday, underpinned by an upbeat set of macro data coming out of China, the largest copper importer worldwide.Data by the National Bureau of Statistics of China showed over the weekend that the […]
Spot Silver scales 1-week peak, heads for 6% weekly gain Spot Silver climbed to a fresh one-week high of $31.49 on Friday amid broad-based US Dollar weakness and an escalating trade conflict between the US and China.The US Dollar Index was last down 1.21% to 99.694, its lowest level in almost […]
| Updated: October 30, 2024
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
