View full page at cryptocraft.com

 

Technicals Favor CAD Longs

From insights.globalprime.com

{chart} Ahead of Biden's Presidential inauguration in the US and with Martin Luther King Jr. public holiday, the Forex market went through a day of rather suppressed volatility. These dynamics were particularly true in the heaviest currencies by order of volume transacted. I am referring to the US Dollar, the Euro and the Japanese Yen. In currencies such as the British Pound of the Canadian Dollar, solid buying was observed, including a long signal to speculate in further upside in the latter. {chart} A period of consolidation at a key technical crossroads has ensued following the sharp sell-off experienced last ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis