Analyst from company ForexMart

Analyst from the company ForexMart (ForeksMart)

USD / CAD. 25.01.

Couple develops downward correction

On the eve of a pair of US / Canadian dollar fell nearly 200 points and rebounded from the level of 1.31, giving rise to the development of a downward correction. Important news from Canada this week is not expected, should pay attention to the news of the oil market. Published today by the American Petroleum Institute report on stocks of raw materials could affect the further movement of the USD / CAD. In the case of negative data pair may return to the level of 1.32. In case of a positive report, the tool will be able to make a breakdown of the support level of 1.31 to 1.30 and move.

MACD is in the negative area, but above the signal line. Stochastic - in neutral, the line above line K%% D. This indicates a further increase in the trading instrument USD / CAD.

GBP / USD. 25.01.

buy a pound

The pair closed the day lower. Pound attempted to develop an upward movement, but, in general, held the previous day in a sideways trend. Today steam overcome the resistance of 1.2556 and headed up. RSI and MACD buy signal pounds. Most likely will direct steam upwardly.

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