Global macro overview for 19/04/2018

The Bank of Canada maintained in the statement that it intends to remain cautious with regard to future adjustments of monetary policy, taking into account the incoming data. This cautious approach is perceived as slightly dovish, as more satisfaction was expected from the weakening of risks around negotiations on the Nafta agreement, hence the USD/CAD […]

Intraday technical levels and trading recommendations for EUR/USD for April 19, 2018

Daily Outlook The EUR/USD pair remains trapped between the price levels of 1.2200 and 1.2500 until breakout occurs in either directions. Daily persistence above 1.2470-1.2500 was needed to confirm a recent bullish flag continuation pattern with projected targets around the price level of 1.2750. However, significant signs of bearish reversal were manifested around the price […]

BITCOIN Analysis for April 19, 2018

Bitcoin has been consolidating above $8,000 price area for a while. The price is being supported by the dynamic levels of 20 EMA, Tenkan and Kijun line respectively to push further upwards. The slower momentum of the bulls is currently raising questions on the reliability of the bullish trend it has formed recently. The price […]