Advertisement
Canada markets closed
  • S&P/TSX

    22,167.03
    +59.95 (+0.27%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CAD/USD

    0.7387
    +0.0000 (+0.00%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • Bitcoin CAD

    95,829.32
    +1,651.59 (+1.75%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • RUSSELL 2000

    2,124.55
    +10.20 (+0.48%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • NASDAQ futures

    18,465.00
    -38.75 (-0.21%)
     
  • VOLATILITY

    13.01
    +0.23 (+1.80%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,316.75
    +148.68 (+0.37%)
     
  • CAD/EUR

    0.6847
    +0.0004 (+0.06%)
     

EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – February 21, 2018

The cryptos have managed to generate another rebound and this is likely to keep them buoyed for the short term.

EUR/USD

The pair continued to drop lower during the Tuesday’s session reaching towards the 1.2325 level where it is getting enough support and also it is the 61.8 percent in the Fibonacci scale of the recent rally. The pair is likely to move higher from here as the buyers will find enough value to pick it from here. A break above 1.2375 level will send this market looking towards the 1.2450 level and eventually 1.25 level. …Read More

GBP/USD

The British Pound was very noisy during the trading session on Tuesday as it reached as low as 1.3930 level but was able to bounce back. The market is trying to form a base as it is trying to move upward and given enough time, this market is expected to reach towards the 1.41 level then followed by 1.43 level. The 1.3750 level underneath is the floor of this market and is unlikely to break below that level. …Read More

AUD/USD

The AUD has broken a bit below during the yesterday’s session reaching below 0.79 level but showing signs of support underneath. If the pair successfully breaks above the 0.79 level then it could give another attempt to break above the 0.80 level. Right now both US dollar and the gold market is greatly influencing the market’s movement. The 0.7850 level is going to offer major support underneath extending up to 0.78 level. …Read More

USD/JPY

The USD continued to move higher during the Tuesday’s session trying to reach towards the 107.50 level which was its previous major support level. If the market clears above the 107.80 level, then it is likely that the market has cleared away with its resistance and will continue to move higher towards its next resistance at 110 level. This market is positively correlated to US stock market, and a rally there could lift this market further higher. …Read More

ADVERTISEMENT

This article was originally posted on FX Empire

More From FXEMPIRE: