Market Overview

27 February 2018 07:15

Marios Athinodorou

Today, 27/02/2018, we notice 2 possible scenarios for USDCAD. As we may see here, the price is at a range which constitutes a fantastic opportunity to trade given that we have confirmation on the long side or the down side. We are waiting for the price to break the level 1.26884 for the long signal, and then we enter on the 61.8% of the first reversal, see chart for illustration. Regarding the Short signal is the opposite. That is to say, for the down side we are waiting for the price to bounce on the level 1.26884, and then we enter on the 61.8% of the first reversal.
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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