Weekly forex Forecast and outlooks ▻ including currency technical analysis for the US dollar, Euro, British pound, Japanese yen, Australian dollar, Canadian Forex Signals .
EURGBP is facing bearish pressure from 1st resistance which coincides with 50% Fibonacci extension and 78.6% Fibonacci retrenchment . Prices might push towards 1st support which coincides with -27.2% Fibonacci retrenchment and 127.2% Fibonacci extension . If prices break through 1st resistance, prices might push up towards 2nd resistance which coincides with 78.6% Fibonacci retrenchment and 78.6% Fibonacci extension showing a further bearish pressure for prices.
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EURCAD is trading in a strong down trend However, the pair has reached a strong daily level And has established a double bottom pattern After which broke out of the falling channel There fore, I am bullish And I am expecting the pair to go up After the second breakout of the local horizontal level Long .
GBPUSD Break Daily Trend Line. Now hopefully market goes down for next support zone.
Crude Oil Breaks Daily trend line after long bullish momentum . Now price going to take next Support Point 55$ Level.
USDCAD started to lose some bearish steam, as the sharp decline in crude oil prices and in the Canadian retail sector affected the pair.In the coming week, we expect the “Loonie” to start a much-needed corrective move and face some resistance around the trend line. If we make a break-out from them, we expect the price to increase even further, towards the $1.27 resistance level
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