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BTCUSD, EURUSD and USDCAD Forecasts, February 13, 2020
BTCUSD, EURUSD and USDCAD Forecasts, February 13, 2020
Posted

By - Jamel Lahiani

Posted - 13-02-2020
  • The BTCUSD is bullish quit at short term. Buy
  • The EURUSD is bearish volatile at short term. Sell
  • The USDCAD is bearish quit at short term. Sell

Today our analysis will be concerned with:
BTCUSD (Bitcoin /US Dollar) the most popular cryptocurrency in the world exchanged to the US dollar. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors.

EURUSD (Euro /US Dollar) is the most traded currency pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999. USDCAD (US Dollar /Canadian Dollar) is a very popular currency pair and represent the exchange rate of the two neighbor money, the U.S. and Canada.

BTCUSD

FOREX Market Insights
Yesterday, the international markets were pulsed. In fact, the coronavirus outbreak could be running out
of steam kept buyers in the ring.

Today in Focus
Today, we have a high and Medium impact published indicators and events:

AT 10H00GMT: BoC’s Governor Poloz speech

AT 15H00GMT: The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.

AT 15H00GMT: The Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.

BTCUSD

GRAPHIC 1: BTCUSD HOURLY CHART (FEBRAURY 13, 2020)
The BTCUSD chart has a bullish quit movement in the green channel. The chart is moving above MA14. It is expected profitable to buy this pair if the Stoch RSI indicator is less than 20 and the blue line crosses the green line. Otherwise, if a candle closed under the bottom limit of the channel, it is gainful to sell this pair.

BTCUSD

GRAPHIC 2: EURUSD HOURLY CHART (FEBRAURY 13, 2020)
The EURUSD pair has a bearish volatile movement inside the red colored channel. The chart is going for a lower high and lower high movement. It is expected gainful to sell this pair when the Stoch RSI indicator is more than 80 and the red line crosses the blue line. The downtrend becomes strong if a candle closed under the green support line Otherwise, a buy order is expected profitable if a candle closed above the top limit of the channel.

BTCUSD

GRAPHIC 3: USDCAD HOURLY CHART (FEBRAURY 13, 2020)
The USDCAD pair has a bearish quit movement. The chart is going for a lower high and lower low
movement. It is expected profitable to sell this pair when the Stoch RSI indicator is more than 80 and
the red line crosses the blue line. Otherwise, if the chart changed to higher high and higher low movement.

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