Alexander Londono

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USD/CAD Analysis

The USD/CAD keeps its bullish trend , the next resistance may be the 1.3458 level and from there the price may try to stall or even break to the downside, but if oil keeps dropping, then we may see a breakout of that level. A breakdown of the bullish trendline may indicate a change in direction, but

EURUSD Weekly Analysis

The EURUSD is posed to close the weekly candle to the downside, it could even continue falling towards the 1.0600 level. The US Dollar stays strong and if the US fundamentals continue coming out better than expected and the probabilities of a December rate hike continue rising, then the EURUSD pair

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Gold could go back down

Gold may try to drop again during this week, but the 1063 level could act as a temporary support. To the upside, the 55 day exponential moving average, which is currently at the 1120 level could act as resistance in case gold retraces to the upside. But the Dollar stays strong and as long as the

Oil refuses to break

Oil has found a good support at the 41.24 level and it has formed what it appears to be a descending triangle or pennant on the daily chart. To the upside, the 44.00 could act as resistance, but if oil breaks to the downside, the 40.00 level could act as support