Market Overview

22 June 2018 08:26

Marios Athinodorou

Technical analysis for USD/CAD   Confirmed Kumo breakout It is clear that we have a confirmed Kumo break out. Based on the Ichimoku components we have all we need to form a long  bias for this pair for the time being. If we examine closely the Ichimoku components we can observe that the tekan sen and the kijun sen seem to be in a bullish formation and their direction indicates the same . These important lines give us another significant clue which is the fact that they are above the cloud as well.
Market Focus
  • Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
  • Fed keeps rates on hold, points to 'favourable' economic outlook next year
  • German consumer price growth stabilised in November
  • French consumer prices rose by 0.1% in November, as expected

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