Crude oil prices have started to funnel into the vertex of a near-term symmetrical triangle, all the while testing the downtrend dating back to the all-time high.
Heading into 2021, our ‘bottom line’ on the Aussie technicals noted, “the Australian Dollar price rally has matured with an advance of more than 37% off the yearly lows risking…
Major stock indices like the Dow, Nasdaq, and S&P 500 are free-falling during afternoon trade on Thursday in response to news that President Biden is set to propose a 43.4%…
The April ECB rate decision did little for the Euro – one way or the other. This leaves the currency at the whims of broader risk trends, which are eroding.
Failure to hold above the 50-Day SMA (1.2576) may push USD/CAD towards the March low (1.2365) as the BoC slows the pace of its quantitative easing (QE) program.