USDCAD Trend & Momentum 31-Aug-2014

USDCAD has steeply gone down for last week and closed around 1.087 at the end of the week. CAD has been stronger against some major currencies such as AUD, USD, EUR or GBP. Trend and momentum of USDCAD and AUDCAD are better fitted relatively.

The indicator implies USDCAD reached at bottom of both trend and momentum, and it could be reversed from early next week.


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GBPAUD Trend & Momentum 19-Aug-2014

GBPAUD has been declined over the last week, and now it is at around 1.786 less than 1.800.

 The trend & momentum indicate GBPAUD could be reversed to go up in this week while the shorter term momentum shows downward signal at the moment.

GBPAUD had marked above 1.800 most of time for last months, and there seems be pressure pushing back to the level.

On the other hand, there is downward risk in long term scaled such as yearly basis. This issue has been posted here.


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NZDUSD, NZDJPY Trend & Momentum 16-Aug-2014

NZD has been stronger against some currencies such as USD, JPY or GBP for last week, inverted against the week before that time.

The trend and momentum indicators are better fitted in NZDUSD and NZDJPY, which imply the upside of them is limited in a coming week at around 0.851 for NZDUSD and 87.35 for NZDJPY respectively.


Long-term trend shows both NZDUSD and NZDJPY state near highest level for last 1-2 years as strong NZD in that period.


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