TAG: CAD
Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold
EUR/USDAnalysis:On the chart of the European currency, the direction of price fluctuations since September of last year sets a descending wave algorithm. The wave structure forms a horizontal corrective plane. Extremes on the chart create a "pennant" patt...
6 months ago
Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 15th
EUR/USDAnalysis:The daily chart scale of the major pair of the euro since last July demonstrates a downward trend. By now, the quotes have reached the boundary of a strong potential reversal zone. The structure of the wave during the last three months is...
6 months ago
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd
EUR/USDAnalysis:Quotes of the European currency in the main pair have been forming a horizontal descending pennant since July of last year. The final part (C) is developing within the wave structure. Major quotes have pressed the upper level of a powerful...
5 months ago
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 29th
EUR/USDAnalysis:Since July of last year, the quotes of the European currency have been weakening relative to the US dollar. The support zone of the daily scale, which was pressed a month ago, has turned into strong resistance. Along with this, the pair's...
5 months ago
Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th
EUR/USDAnalysis:The weekly chart scale of the major European currency pair shows that the dominant descending wave of recent months is nearing completion. The wave structure appears to be formed. The unfinished segment in the upward direction dates back t...
5 months ago
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and GOLD on July 29
EUR/USDAnalysis: The EUR/USD pair continues a sideways flat movement. The unfinished section of this trend is upward, starting from mid-April. The price is between clusters of potential reversal levels of different scale charts. Over the past two weeks, t...
2 months ago
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, EUR/GBP, and Gold on August 5
EUR/USDAnalysis: The direction of price movement in the main euro pair since September last year has been determined by an upward wave that started in mid-April. From the lower boundary of a powerful resistance zone since the middle of last month, a beari...
2 months ago
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, Gold, and Bitcoin on August 12
EUR/USDAnalysis: The ongoing upward trend of the EUR/USD pair has been developing since April of this year. The latest segment, which began in mid-July, is a counter-corrective wave of a complex form that has not yet completed. As of the analysis, conditi...
2 months ago
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, Gold, and Bitcoin on August 19
EUR/USDAnalysis:The chart for the major pair of the European currency continues to show a complex corrective pattern. At the time of analysis, the shape of its extremes most closely resembles a shifting plane. The segment of movement that began on June 14...
1 month ago
USD/CAD. Overview and Analysis
The Canadian dollar attempts to recover yesterday's losses.Investors in the Canadian dollar are awaiting monthly and quarterly GDP data to be released on Friday. The GDP report is expected to show that the economy barely grew in June after a 0.2% increase...
1 month ago
USD/CAD: Overview and Analysis
Today, the USD/CAD pair broke its two-day winning streak.The decline in the USD/CAD pair can be attributed to the commodity-linked Canadian dollar, which is receiving support from rising crude oil prices, given that Canada is the largest oil exporter to t...
1 month ago
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, Gold, and Bitcoin on September 9
EUR/USDBrief Analysis:Analysis on the 4-hour chart for the euro shows that the trend is driven by the upward wave from April 16 of this year. The movement demonstrates high potential and is transitioning to a larger timeframe. Since the end of August, a c...
1 month ago
USD/CAD. Analysis and Forecast
Today, the USD/CAD pair is trying to continue building on its Friday gains. Crude oil prices are also trying to gain positive momentum, moving away from the lowest levels seen in 2023.This supports the commodity-linked Canadian dollar, limiting the pair's...
1 month ago
USD/CAD. Analysis and Forecast
The rise of the USD/CAD pair is also limited by the weakness of the U.S. dollar, driven by increasing expectations of more aggressive monetary easing by the Federal Reserve. There is a 45% chance that, following the two-day monetary policy meeting on Sept...
1 month ago