Today, our free forex signals service trade is a sell order in EUR/CAD. The price will go down if the EUR resumes its bearish trend. The EUR/CAD cross retreated a little after reaching a strong resistance area. Still, a larger downside movement needs confirmation. The pair was trading around the 1.3678 level at the time...

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EUR/CAD is losing altitude after failing to reach the major downtrend line. It’s trapped within a sideways movement, so we have to wait for a downside breakout to be certain that it will extend its downside movement. The euro has lost significant ground versus the CAD even if the eurozone Final CPI increased to 2.0%...

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What is the forecast for USD/CAD? Here is their view, courtesy of eFXdata: Credit Agricole CIB Research discusses CAD outlook and flags a scope for further correction against the USD. “Even though sentiment may remain in favour of buying the CAD against lower yielders such as the EUR, CHF and JPY, positioning as it stands...

The post CAD: Not Yet In Strongly Overbought Territory But Caution Warranted – Credit Agricole appeared first on Forex Crunch.

What is the forecast for EUR crosses? Here is their view, courtesy of eFXdata: Citi flags a scope for further downside moves in EUR crosses. “EUR crosses remain vulnerable and flow now supports this.  We emphasize the risk to EUR crosses once again and highlight that we are now seeing EURCAD selling following the moves...

The post EUR: Crosses (EUR/CAD, EUR/NZD, EUR/AUD) Vulnerable For Further Downside – Citi appeared first on Forex Crunch.

Volatility in forex markets remains depressed amid ample liquidity. The carry trade provides opportunities for those with patience. CAD/CHF, USD/CHF, EUR/CAD, and even EUR/USD serve as potential positions. No trend, no trade? Not so fast, as  markets with low  volatility  still provide opportunities. Volatility in foreign exchange markets has been falling, with EUR/USD – arguably...

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EURNZD seem to be trading in a three-wave drop down from the 1.726 high, giving us an idea of a bigger A-B-C correction to be in play. We specifically see price unfolding a five-wave drop as part of wave C, which can look for support and a bounce near the 1.6700 region. A rally in...

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EUR/USD failed to reconquer lost levels and seems somewhat lost. What’s next? Here is their view, courtesy of eFXdata: TD Research discusses the EUR/USD outlook and thinks that the cross is a medium-term buy on dips but prefers to express EUR upside via holding EUR/CAD 3-month risk-reversal. “The next three days will set the tone...

The post EUR/USD: Not Ready For Prime-Time Yet; Next 3 Days To Set Tone For Next Few Weeks – TD appeared first on Forex Crunch.

For more on the Australian dollar, read the AUD/USD forecast Some currency pairs will push through if they break a significant support or resistance. If not, they will bounce back or at least slow down before approaching these lines. Those well behaved pairs are more predictable. Even if you lean heavily on fundamentals, these lines...

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EURCAD is trading slowly lower and something similar we can see on GBPCAD. Currently, we are tracking a correction in wave 4, which is trading within two corrective channel lines and approaching some interesting support levels. We are watching these two pairs very carefully and if we get a sharp bounce with five waves, then...

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EUR/USD is pressured but that does not mean that the euro cannot advance against other currencies. Here is the view from ABN AMRO: Here is their view, courtesy of eFXnews: ABN AMRO FX Strategy Research makes the case for  further EUR upside in the medium-term against the CHF, JPY, and  CAD. “First, we expect the...

The post EUR: 5 Reasons For Further Upside M-Term, Vs CHF, JPY, appeared first on Forex Crunch.