The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada’s largest exports and tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly...
The official currency in China is the renminbi, often abbreviated to RMB, while the term Yuan can be used to describe the base unit of the Chinese currency. When trading onshore, it is referred to as CNY, while offshore trading is known as CNH. USD CNH Chinese Yuan offshore forecast This supply and demand analysis...
Clear long bias on USDSGD (US dollar versus Singapore Dollar). This Forex cross-pair forecast is bullish, given that we have strong weekly demand imbalances created in the bigger timeframes like the weekly timeframe attached below. USDSGD pair analysis The USDSGD spot exchange rate specifies how much one currency, the USD, is currently worth in terms...
A strong monthly imbalance gained control of EURUSD last month at around 1.0654. As explained in previous EURUSD forex cross pair analyses, we had a strong bearish bias, but once a strong imbalance on a big timeframe like the monthly takes control, going short in smaller timeframes is not allowed and is suicidal. Euro Dollar...
EURNOK Forex cross pair (Euro versus Norwegian Krone) has broken an all-time high again after months. A previous monthly demand imbalance gained control last June 2018, and this cross-pair has been rallying ever since. Norway’s Krone forex pair forecast Why has Norway’s Krone suffered the worst drop in half a century? By doing a supply...
European major currencies, such as the Euro and British Pound, outperformed the US Dollar on Friday. I happened to read that the US dollar has been on a climb amid the outbreak of the coronavirus, which is threatening global growth. According to preliminary estimates for February, the United States was thrown into the spotlight after...
Let’s look at USDSGD forex cross-pair using the supply and demand glasses as technical analysis. This forex cross pair has created a strong impulse on the weekly timeframe around 1.3497 price area that ended up becoming a strong demand imbalance where longs will be possible again. See the weekly timeframe screenshot below. With practice, you...
The US dollar and Dollar Index DXY are strong, creating new demand levels in a clear trend. Many USD Forex Cross pairs and exotics pairs like USDZAR have a clear uptrend and bullish bias creating new weekly demand imbalances. USD ZAR high odds for longs We don’t need complex Forex trading strategies to locate price...
What is EURUSD Forex cross-pair forecast-based supply and demand technical analysis? Well, as discussed in the previous video technical analysis, we have a clear long-term short bias on EURUSD Forex cross pair creating and respecting bigger timeframe supply levels and imbalances and eliminating obstacles in the form of demand imbalances. EURUSD Forex Cross Pair Forecast...
AUDUSD Forex cross-pair is in a clear weekly downtrend using supply and demand imbalances. AUDUSD Forex cross-pair forecast is bearish. Monthly and weekly timeframes are in a clear downtrend creating strong weekly supply imbalances like the last one located around 0.6995. AUDUSD cross pair downtrend forecast As you will see in the supply and demand...