Forex technical analysis: USDCAD keeping gains but not reacting to lower oil

It does stay above support levels below... Crude oil futures have fallen below trend line support line AND the March lows around the $47.00 area. Those break have helped push the price further to the downside toward the $46.00 level. The price currently trades at $46.10, down -3.64% on the day.

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الغاز الطبيعي يواصل التراجع بعد بيانات المخزونات الأمريكية

انخفضت أسعار الغاز الطبيعي خلال تداولات الخميس وزادت خسائرها بعد بيانات المخزونات الأمريكية التي سجلت ارتفاعا فاق التوقعات في القراءة الأسبوعية. وكشفت بيانات إدارة معلومات الطاقة عن ارتفاع مخزونات الغاز الطبيعي في الولايات المتحدة 67 مليار قدم مكعبة خلال الأسبوع المنتهي في 28 أبريل/نيسان، بينما أشارت توقعات المحللين إلى ارتفاع قدره 61 مليار قدم مكعبة. […]

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المخزونات الأمريكية من الغاز الطبيعي ترتفع 67 مليار قدم مكعبة

أعلنت إدارة معلومات الطاقة اليوم ارتفاع المخزونات الأمريكية من الغاز الطبيعي 67 مليار قدم مكعبة خلال الأسبوع المنتهي في الثامن والعشرين من أبريل/نيسان، وهي البيانات التي جاءت مقاربة لتوقعات المحللين التي أشار متوسطها إلى ارتفاع قدره 61 مليار قدم مكعبة. وبلغ إجمالي مخزون الغاز الطبيعي في أمريكا 2.256 تريليون قدم مكعبة، بانخفاض قدره 359 مليار […]

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NZD/USD profit target reached perfectly, prepare to start buying

Price has dropped perfectly to our profit target. We now prepare to buy above 0.6847 support (Fibonacci extension, Elliott wave theory, horizontal support) for a push up to 0.6918 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (34,5,3) is approaching support at 5.6% level where we expect a bounce from.

Correlation analysis : NZD/USD has a strong postiive correlation with AUD/USD meaning they usually move together. Since both AUD/USD and NZD/USD are expecting bounces, this increases the conviction on our trade.

Buy above 0.6847. Stop loss at 0.6816. Take profit at 0.6918.

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The material has been provided by InstaForex Company – www.instaforex.com

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AUD/NZD profit target reached perfectly, time to start buying

Price has dropped perfectly and reached our profit target. We now prepare to buy above 1.0771 support (Fiboancci retracement, Fibonacci extension, horizontal overlap support, Elliott wave theory) for a push up to 1.0932 resistance (Fibonacci extension, horizontal swing high resistance, Elliott wave theory).

Stochastic (55,5,3) is seeing major support above 1.3% where we expect a bounce from.

Buy above 1.0771. Stop loss at 1.0707. Take profit at 1.0932.

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The material has been provided by InstaForex Company – www.instaforex.com

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EUR/USD: An Unusual Pattern Since April-18: 2 Factors In Play – BTMU

EUR/USD enjoys high hopes for a Macron victory and edges up even further. What’s next? Here is their view, courtesy of eFXnews: BTMU FX Strategy Research notes an unusual pattern in USD dynamics as of late as the 2-year UST bond yield is now up 14bps since 18th April but over the same period EUR/USD has [...]

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Bank of England says Stock of Loans Via Term Funding Scheme 57.894 Bln Stg on may 3 Vs 57.525 Bln Stg in Prior Week

BANK OF ENGLAND SAYS STOCK OF LOANS VIA TERM FUNDING SCHEME 57.894 BLN STG ON MAY 3 VS 57.525 BLN STG IN PRIOR WEEK
The material has been provided by InstaForex Company – www.instaforex.com

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Here comes the OPEC deal chatter: Likely to extend and increase cuts

Reuters sources story So says not one, not two but three OPEC delegates. said one, though he countered that by adding; "The willingness to extend the current understanding is strong among OPEC and non-OPEC members" He's obviously not seen the price chart today ;-)

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