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Forex: technical overview 07.03.18

USDCAD

The pair has found support on the level of 1.2870 as the Bank of Canada isn’t likely to hint at a possible active interest rates raise later this year. The raise isn’t expected today either. The pair may receive additional support due to Trump’s tariff increase in the US …

Forex: technical overview 06.03.18

EURUSD

The single currency receives support due to Donald Trumps’s effort to increase customs duties on the import of metals in the US. This problem will also be discussed on NAFTA negotiations. However, this process is likely to be drawn out, while the investors will turn their attention to ADP …

Forex: technical overview 05.03.18

EURUSD

The pair is testing the level of 1.2275 as the profitability of the US government bonds rises, while the market expects the Fed to raise the rates.

The price is above the middle line of the borders of Bollinger bands, below EMA 5, but above EMA 13. RSI has …

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