Technical analysis

The US dollar versus the Canadian has been strengthening in the last week trading sessions and reached the resistance of 1.0225. Looking at the chart the upward channel indicates the uptrend of the last week. Today’s candlestick is touching on the upper channel and is above the upper Bollinger Band indicating a strong support at the 1.0225. Additionally, the 1.0225 is the 161.8% of the correction from 1.0052 on April 11th to the 0.9796 on April 30th , a possible correction may be on the way. Finally looking at the indicators, the stochastic oscillator is in the overbought area and the short-term momentum (7) reached extreme levels up and is doing sideways, one could observe that the bullish momentum is getting weaker.

Levels Value
RES 3 1.0917
RES 2 1.0460
RES 1 1.0225
SUP 1 1.0057
SUP 2 0.9963
SUP 3 0.9796


Forex
  Symbol Bid Ask
AUDJPY 77.77 77.82
AUDNZD 1.2999 1.3011
AUDUSD 0.9835 0.9838
CADJPY 77.33 77.38
CHFJPY 84.16 84.20
EURAUD 1.2990 1.3000
EURCAD 1.3067 1.3076
EURCHF 1.2010 1.2013
EURGBP 0.8072 0.8074
EURJPY 101.09 101.12
EURSEK 9.1228 9.1278
EURUSD 1.2782 1.2784
GBPAUD 1.6091 1.6101
GBPCAD 1.6184 1.6195
GBPCHF 1.4873 1.4880
GBPJPY 125.15 125.22
GBPNZD 2.0919 2.0949
GBPSEK 11.3083 11.3153
GBPUSD 1.5832 1.5835
NZDCAD 0.7728 0.7738
NZDCHF 0.7102 0.7112
NZDJPY 59.79 59.88
NZDUSD 0.7562 0.7567
USDCAD 1.0223 1.0227
USDCHF 0.9394 0.9397
USDDKK 5.8126 5.8166
USDJPY 79.08 79.11
USDNOK 5.9617 5.9667
USDSEK 7.1376 7.1426
USDSGD 1.2741 1.2749

Metals
  Symbol Bid Ask
XAGUSD 28.708 28.772
XAUUSD 1592.83 1593.48

CFDs on Stock Indices
  Symbol Bid Ask
CAC40 2975.53 2980.53
DAX 6222.97 6227.97
DJI 12364.7 12371.7
FTSE100 5230.97 5235.97
Nd100 2478.00 2479.00
SP500 1294.64 1295.39

Commodities
  Symbol Bid Ask
OIL 91.58 91.68

Interest rates
Country Value
USA 0.25%
Japan 0.10%
Eurozone 1.00%
UK 0.50%
Switzerland 0.25%
Australia 3.75%
Canada 1.0%
Norway 1.5%
New Zealand 2.5%
Sweden 1.5%

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