June 2017

Major US stock indexes completed trades mixed

The main US stock indexes were on a positive territory for most of the session, but during the last minutes of trading the quotes fell sharply, as a result of which the auctions ended without a single dynamic. The main support for the market wa... [...]

USD/CAD approaching major support, prepare to buy

Price is dropping strongly towards major support at 1.2966 (multiple Fibonacci extensions, horizontal swing low support, Elliott wave theory) and we expect a bounce above this level to at least 1.3164 resistance (Fibonacci retracement, horizontal pullb... [...]

Fundamental Analysis of EUR/CAD for June 30, 2017

Recently, EUR/CAD is residing in a volatile corrective structure between 1.4730 and 1.4970. Today, EUR receives support from the economic reports including German Retail Sales report which showed a rise to 0.5% from the previous value of -0.2% and whi... [...]

Fundamental Analysis of AUD/JPY for June 30, 2017

AUD/JPY has reached the resistance level of 86.20 after an impulsive buying off the 83.00 level. After the positive Employment Change and Unemployment Rate report from Australia, AUD has been quite dominating over JPY recently. Today, Japan presented m... [...]