ASIA STOCKS: Coming Up In The Asia-Pac Session On Thursday

Feb-12 21:23

You are missing out on very valuable content.

------------------------------------------------------------------------------- 2145GMT 0545HKT 0845...

Historical bullets

ASIA: Coming Up In The Asian Session On Tuesday

Jan-13 21:21
0345GMT1145HKT1445AEDTThailand Dec Consumer Confidence
0630GMT1430HKT1730AEDTIndia Dec Wholesale Prices 

ASIA: Coming Up In The Asia-Pac Session On Tuesday

Jan-13 21:17
2330GMT0730HKT1030AEDTAustralia Jan Westpac Consumer Conf
2350GMT0750HKT1050AEDTJapan Nov BoP Current Account Balance
2350GMT0750HKT1050AEDTJapan Nov Trade Balance BoP Basis
2350GMT0750HKT1050AEDTJapan Dec Bank Lending 
0100GMT0900HKT1200AEDTJapan BOJ Deputy Governor Himino Speech
0135GMT0935HKT1235AEDTEU ECB's Rehn Keynote Speech
0335GMT1135HKT1435AESTSouth Korea Nov Money Supply
0500GMT1300HKT1600AESTJapan to Sell 5-Year Bonds
0830GMT1630HKT1930AESTJapan Dec Eco Watchers Survey 

USDCAD TECHS: Trend Structure Remains Bullish

Jan-13 21:11
  • RES 4: 1.4674 2.0% 10-dma envelope
  • RES 3: 1.4539 3.382 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 2: 1.4508 3.236 proj of the Oct 17 - Nov 1 - 6 price swing
  • RES 1: 1.4467 High Dec 19 
  • PRICE: 1.4398 @ 21:09 GMT Jan 13 
  • SUP 1: 1.4345/4280 20-day EMA / Low Jan 6  
  • SUP 2: 1.4232 Low Dec 17 
  • SUP 3: 1.4190 50-day EMA
  • SUP 4: 1.4011 Low Dec 5

The trend set-up in USDCAD remains bullish and the recent move down is considered corrective. The latest pause in the uptrend appears to be a flag formation - a bullish continuation signal. Note too that MA studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.4508 next, a Fibonacci projection level. 1.4345, the 20-day EMA, has recently been pierced. A clear break of the average would open 1.4190, the 50-day EMA.