Video: Trend Continuation on USD & More CAD News Focus – Technical Update

Thursday Analysis of the high probability opportunities for this week in Forex, Indices & Commodities.

Click on the video to watch the full breakdown

Much of the analysis from the beginning of this week has played out.

The Dollar continues on its bullish trend, making the bias on XXX/USD pairs easier to spot. High probability areas of entries are at pullbacks.

Most of the Minor pairs aren’t providing a clear picture – at least not clear enough to trade – apart from EUR/GBP which is proving the cleanest this week.

We still have CAD news today and tomorrow, so let’s watch out for two charts that are on our shortlist for the week: USD/CAD and Crude Oil. The two are inversely correlated, which means a strong CAD will create weaker oil prices, and Bullishness on USD/CAD.

Speaking of which, a pointer for today that will help to give you clarity in the markets:

At times of a slower market, it’s the economic calendar that will point us towards the volatility and which pairs are worth focusing on more than others.

In this video we go over the updated technical analysis update of these opportunities for the week:

• EUR/USD
• NZD/USD
• USD/JPY
• USD/CAD
• GBP/JPY
• GBP/NZD
• EUR/GBP
• Crude Oil

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn