Analytics pair USDCAD is based on the circular level, price channels and altered wave analysis.

Technical Forecast USDCAD today 17/02/2020

The general trend in the pair USDCAD upward. Support level 1.3235 USDCAD hinders sellers. Formed double truncated design level H2 and H1. Indicators Awesome Oscillator shows a bullish divergence. Stochastic Oscillator indicator in pereprodannosti range. Presumable pullback was formed in the range of 365 and 135 moving averages.

First, a few words about the events of the past week:

- EUR / USD. The second consecutive week stop-loss orders on long positions on this pair are activated one after the other. Bulls back alternately handing over all their lines of defense. The pair not only updated the lows of this and last years, it has reached the minimum values from May 2017. And most interesting is that of a single good reason for such a collapse of the European currency is not. Can be attributed to the collapse of the pair USD / CHF in "Black Thursday" in January 2015 or the fall of the pound on the results of the referendum on the withdrawal of Great Britain from the EU. And there seems to be nothing extraordinary happened.

Brent crude finished the trading session with a slight advantage at the level of $ 56.41 per barrel. Growth continues the third consecutive session. Market participants buy "black gold" despite the increase in the spread of Chinese coronavirus infection. Earlier hopes the epidemics weakened decline data for the jump number of deaths, as well as a dramatic increase in the incidence of infection due to the use of a new detection methodology disease. Given the pace of the spread of infection, the World Health Organization adviser (WHO) Ira Londzhini suggested that a new coronavirus COVID-19 can be infected with two-thirds of the planet's inhabitants.

Events today:

13:00 MSK. Eurozone: Change in GDP

The euro to dollar forex trading forecast for EURUSD today 02/14/2020

For the euro mixed background generated today. On the one hand, investors may again increase sales of European currency as the inflation rate in the United States is forcing investors to buy the US dollar. At the end of 2019, many investment funds are expected to reduce the US Federal Reserve interest rates in 2020. Now, looking at the data on inflation, all traders have concluded that rates more than the Fed will not lower. And if so, then it makes no sense to expect the dollar's decline. On the other hand, the commodity market is experiencing simultaneous growth that could support the euro. There is a good demand in the metals and energy.

EURUSD recommendation: flat 1.0803 -1.0875

The black bar for the single European currency continued. Worst dynamics of industrial production since the eurozone debt crisis in 2012 and a sharp increase in the number of deaths and infected with a coronavirus in China contributed to the drop in EUR / USD to its lowest level since May 2017. Investors are actively buying the US dollar not only as an asset of refuge, but also as an asset, economy issuing country which shows resistance to external negative factors.