EURCAD Wave Analysis

Market Picture The crypto market rose 1.2% in 24 hours to $2.25 trillion, approaching the highs set exactly one month ago. New highs could attract more buyers and signal a break in the multi-month downtrend. The sentiment index rose to 59, the highest since late July, which looks like the optimal range for further gains. […]

EURAUD reversed from support level 1.6155 Likely to rise to resistance level 1.6465 EURAUD recently reversed up from the key support level 1.6155 (which reversed the price multiple times from the middle of December). The support level 1.6155 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly down […]

Key insights from the week that was. The main update for Australia this week was August’s Labour Force Survey. The result again emphasised the strength of labour demand, with employment growing by 47,000, ahead of the 37,000 estimated increase in the labour force. The unemployment rate was unchanged in the month at 4.2%, but only […]