TECHNICAL ANALYSIS
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USDCAD: Dropping to its short-term support level despite a dip in energy prices.
The Canadian dollar was the top performer yesterday, but with the US dollar a close second, that has helped prevent this currency pair from a more sudden drop. Energy prices didn’t help, with an API surplus of 2.4M ahead of tonight’s EIA estimate expected to show a slight 1.2M deficit. There will also be Canadian […]
July 22,2019SILVER: Unable to outperform in the face of a strengthening USD
With gold outperforming and its technical overview in an initializing bull trend, silver’s consolidatory overview that continues to show negative bias is a clear contrast, and in these scenarios the two have a tendency not to hold opposing technical overview for long. As it stands however, the bulk of its technical indicators are neutral and […]
June 13,2019