This report delves into critical aspects of the Forex markets, offering a comprehensive analysis of price trends and technical indicators.

Key topics include:

• Forex Market Insights: Examination of USDEUR, USDCAD, and CADEUR currency pairs, focusing on moving averages, price corrections, and sentiment ratings.

This high-level overview combines technical analysis with sentiment ratings to provide actionable insights for market participants.

USDEUR WEEKLY CHART

The USDEUR pair is above a rising green 50-week Moving Average.

We are long-term BULLISH above the 50- and 200-week Moving Averages.

Look for a reaction at the 0.618 Fibonacci retracement level at 0.9867

USDEUR DAILY CHART

We are BULLISH above 0.9677 and Bearish below.

USDCAD WEEKLY CHART

The pair continues to move toward the 2016 and 2020 highs of 1.4691 and 1.4669, respectively.

We are Bullish above 1.4464 and Bearish below.

Our next level of interest is the 1.618 Fibonacci Level at 1.4524, which we anticipate will be reached.

Our anticipated pullback to the 1.389 level has yet to occur.

USDCAD DAILY CHART

The USDCAD pair is extended from the 50- and 200-day Moving Averages and the 1.3882 breakout level.

We are Bullish above 1.4464 and Bearish below

Our anticipated pullback to the 1.389 level has yet to occur.

CADEUR WEEKLY CHART

The CADEUR pair trades between the 50- and 200-week Moving Averages.  

We require a new low below 0.6600 to switch from our Short and Intermediate-Term NEUTRAL Sentiment.

We are BEARISH on the longer time horizon below the purple 200-week Moving Average.

CADEUR DAILY CHART

Breakouts above a declining 200-day Moving Average are not to be trusted, as shown in the previous two failed moves.

However, this one must hold up with the 50-day Moving Average rising above the 200-day.

FOREX SENTIMENT RATING