USD/CAD managed to get above the resistance at 1.2700 and is testing the next resistance level at 1.2720.
IndustryThe price action indicates that investors are growing a little uncomfortable buying strength, which means a break into a value area is likely.
IndustryGBP/USD is trying to settle below the nearest support at 1.3575.
IndustryEconomic data from the Eurozone and the U.S will draw attention. The Democrat victory and violence on Capitol Hill will set the tone, however.
IndustryOn Wednesday, the index straddled the minor pivot at 89.565. This level is controlling the minor direction.
IndustryUS Tech Stocks Break Down, FTSE 100 Soars, USD/JPY Upside Capped - US Market Open
IndustryUSD/CAD gained upside momentum and is trying to settle above the nearest resistance level at 1.2700.
IndustryEUR/USD managed to get above the resistance at 1.2310 and is trying to settle above the next resistance level at 1.2325.
IndustryDue to the prolonged move up in terms of price and time, traders should watch for a potentially bearish closing price reversal top formation.
IndustryAs the debate about stimulus spending rages, you can trust the government when it says inflation really is low.
IndustryA senior U.S. diplomat has criticized Indian Prime Minister Narendra Modis trade policies, saying growing restrictions on market access and limits on the free flow of data are standing in the way of the South Asian nation becoming an alternative to Chinese supply lines.
IndustryChancellor of the Exchequer Rishi Sunak announced 4.6 billion pounds ($6.2 billion) of emergency support to help U.K. businesses survive a third lockdown that threatens to plunge the economy into a sharp double-dip recession.
IndustryUSD/CAD managed to get below the support at 1.2720 and is trying to settle below the next support at 1.2700.
IndustryA failure to hold 1.2185 will indicate the buying is getting weaker and the selling is getting stronger.
IndustryThe direction of the NZD/USD on Tuesday is likely to be determined by trader reaction to the first pivot at .7197.
IndustryEUR/USD is moving towards the resistance level at 1.2280.
IndustryThe direction of the February Comex gold market into the close on Monday is likely to be determined by trader reaction to $1933.20.
IndustryThe weather is expected to be warm in the north and cold in the south
IndustryUSD/CAD failed to settle below 1.2700 and gained strong upside momentum.
IndustryTrader reaction to 1.2310 will set the tone in the market into the close on Monday.
Industry
WikiFX
| Industry
2021/1/16 22:22:12
WikiFX
| Industry
2021/1/16 21:17:07
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