by willy | May 22, 2023 | Daily Analysis
22 May 2023 Afternoon Session Analysis The Loonie fluctuated after retails sales softened. The CAD/USD trade continued to be volatile on Friday after retail sales deteriorated but the losses were offset by a pullback in the U.S. dollar. ...
by willy | May 22, 2023 | Crudeoil
CrudeOIL, Daily: Crude oil price was traded lower following the prior retracement from the resistance level at 73.90. However, MACD which illustrated bullish bias momentum suggest the commodity to undergo technical correction in short term. Resistance level:...
by willy | May 22, 2023 | USD/CHF
USDCHF, Daily: USDCHF was traded lower following the prior breakout below the previous support level at 0.9000. MACD which illustrated diminishing bullish momentum suggest the pair to extend its losses toward the support level. Resistance level: 0.9000, 0.9075...
by willy | May 22, 2023 | USD/CAD
USDCAD, Daily: USDCAD was traded higher while currently testing the resistance level at 1.3485. MACD which illustrated bullish bias momentum suggests the pair to extend its gains after it successfully breakout above the resistance level. Resistance level:...
by willy | May 22, 2023 | NZD/USD
NZDUSD, Daily: NZDUSD was traded higher following the prior rebound from the lower level. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains toward the resistance level at 0.6290. Resistance level: 0.6290, 0.6455 Support...
