Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Forex

USD/CAD extends breakout above 200-DMA – Société Générale

Source Fxstreet

USD/CAD has broken out of its multi-month consolidation, advancing above the 200-day moving average as bullish momentum strengthens. The daily MACD remains firmly in positive territory, suggesting scope for further gains toward 1.4110–1.4165. Any near-term retracement is likely to find support around the recent pivot low at 1.3930, Société Générale's FX analysts note.

Upward momentum targets 1.4110–1.4165 zone

"USD/CAD recently broke out from its multi-month range and crossed the 200-DMA. Daily MACD remains anchored within positive territory highlighting prevalence of upward momentum."

"The pair is gradually heading towards projections of 1.4110/1.4165, which could be an intermittent resistance zone. In case a short-term pullback develops, the recent pivot low at 1.3930 is likely to cushion downside."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Forecast: XAU/USD climbs above $3,350 as Trump rekindles trade tensions The Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.

Author FXStreet

Jul 14, Mon

The Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.

Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

Author NewsBTC

Jul 14, Mon

Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO

OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment Option On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Author Mitrade

Aug 19, Tue

On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026 Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Author Mitrade

Sept 10, Wed

Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Oil Prices Hold Steady Amid Gaza Ceasefire and US Sanctions Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.

Author Mitrade

8 hours ago

Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.

Related Instrument