Windsor News & Research Blog - Forex & CFD Market Analysis

Canadian dollar surged against US dollar on Friday and hit three-day low, driven by upbeat domestic GDP and jobs data. Fresh acceleration retraced over 61.8% of USDCAD’s four-day rally which commenced from 1.2680 (Monday’s low) and hit the…
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The cross found footstep after steep four-day fall from 0.8981 week's high, with bears being so far contained by 200SMA (0.8795) despite brief probes below. Strength and pace of recent fall suggests corrective action as likely near-term…
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Spot Gold edged higher on Friday following steep two-day fall when the yellow metal fell to $1270, down nearly 1.5%. Softer dollar on Friday inflated metal’s price, with limited recovery expected as sentiment remains negative and tech on…
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WTI oil price moved higher on Friday and forming reversal pattern on daily chart. Thursday’s action ended in long-legged Doji and signaled stall of pullback from $59.02 peak, which was contained by rising 20SMA. Fresh recovery needs firm…
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The Aussie dollar bounced on Friday after five-day descend found footstep at 0.7550, just ahead of key support at 0.7530 (21 Nov low. Fresh recovery, propped by weaker greenback, probes above bear-trendline which tracks the downtrend since…
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Strong three-day recovery is taking a breather after rally was capped by falling 20SMA at 112.68 which formed bear-cross with 55SMA. Consolidation so far found footstep at 112.32 (broken Fibo 38.2% of 114.73/110.83 descend) but overbought…
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Cable is consolidating on Friday after steep two-day rally, driven by positive hopes over Brexit talks and strong month-end demand, peaked at 1.3548 on Thursday. Consolidation is narrow for now and holds above 1.3500 handle, however, steep…
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The Euro holds firm tone on Friday and probes above the high of Thursday’s strong rally at 1.1932, with the downside being contained by broken Fibo 61.8% point at 1.1886. Scope is seen for push through 1.1965 barrier (Fibo 76.4% of…
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Cable surged through 1.3500 barrier on Thursday, hitting the highest level since 25 Sep. The pair extends acceleration, driven by strong bullish sentiment over Brexit talks and month-end dollar selling. Eventual break through 1.3500…
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Doji reversal pattern is forming on daily chart after yesterday’s action was repeatedly capped at 3.9729 and ended in Doji candle, with today’s bearish acceleration completing the pattern. Fresh bears cracked initial support at…
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