USD/CAD: Refreshes 1...from Johnson George

09 Nov 2020, 12:15 · Views 966

USD/CAD: Refreshes 10-week low, eyes yearly support line USD/CAD stays offered, sellers attack September low amid bearish MACD. An ascending trend line from December 31, 2019 offers immediate support. Bulls are less likely to get convinced unless witnessing an upside break beyond 200-day EMA. Daily CHART:

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Johnson George

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USD/CAD

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Silver XAG/USD flirts with rising channel as US election polls probe risks Silver bounces off 200-HMA, stays inside the weekly ascending channel. Early election polls from the US indicate a tough fight between Trump and Biden. H1 CHART :

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S&P 500 futures and Treasury yields drop on coronavirus concerns...

Johnson George

EUR/USD: 100-HMA guards immediate upside EUR/USD extends recovery moves from last Wednesday's top. Normal RSI conditions suggest the continuation of the recent upside. 200-HMA offers additional support, 1.1860 can challenge bulls targeting monthly high. Hourly Chart:

Johnson George

EUR/USD : Eyes minor bounce as 4H shows bullish divergence of RSI EUR/USD's 4-hour chart shows signs of bear fatigue. A minor bounce to the 5-day SMA looks likely.

Johnson George

USD/JPY Analysis: If there is more juice in the dollar, then target 105.80 USD/JPY rallied hard on the covid vaccine news as the greenback picked up a bid. Markets are presuming shorter-term stimulus requirements and the coordination between the Federal Reserve and US government. There is a potential trade setup in the making.

Johnson George