the Fed’s Chairman signaled the Fed won’t embark on further monetary easing for the time being, but Bernanke signaled the Fed will act as needed if conditions warrant more stimulus measures.
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the Fed’s Chairman signaled the Fed won’t embark on further monetary easing for the time being, but Bernanke signaled the Fed will act as needed if conditions warrant more stimulus measures.
Canadian macroeconomic data resulted in the market expectations. USDCAD may test 0.9800 / 0.9820. However, the expression of Evans (Fed) may significantly change the situation for the benefit of CAD.
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.9800 , and that's mean the up trend is still standing and the pair might head to 0.9850 and then 0.9900
a breakout of the support near the current levels gives us a signal for downtrend movement toward the next support near 0.9700. MA20 and MA50 cross bearish, MACD still does not send clear signal, stochastic signals for long. The indicators send mixed signals.
the chart is showing that the pair has closed it's daily candle under the level of 0.9800 , and that's mean that the down trend is still standing and the pair might reach 0.9770 and then 0.9740
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.9750 , and that's mean the up trend is still standing and the pair might head to 0.9800 and then 0.9850
If a M15 close above 0.9800 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.9700 sell only and do not buy. If price closes back above it again do nothing
The range 0.9800 and 0.9700 is neutral area, any trade done in between is personal decision and not part of this analysis
we can see that the pair has failed in breaking 0.9800 and bounced from it , so that's mean the down trend is expected and the pair might head to 0.9750 and then 0.9720
Consolidating within a 2 week triangle pattern. Clearing tri" resist near .9910 needed to firm for an upside break through .9939 twds an initial 1.0010 retest. Under .9826 hints return to initial .9768
we can notice from the chart that the pair has closed it's daily candle under 0.9800, that's mean the down trend is expected and the pair might head to 0.9750 then 0.9720 , however the pair made a hourly correction