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The GBP/CAD cross soared on the back of oil’s slump, which resulted in the Canadian dollar plummeting against all of its major rivals and sending GBP/CAD to 2-month highs. The rally extended to 1.0375, through a major resistance level, as selling interest had contained advances around 2...
US Dollar: There are two main high impacted news events which can affect on US Dollar movement for this week: 2015-12-11 13:30 GMT | [USD - Retail Sales] 2015-12-11 15:00 GMT | [EUR - University of Michigan Consumer Sentiment] Economists expect for Retail Sales to be increased 0...
EURJPY: With EURJPY under pressure, further weakness is envisaged on pullback in the days ahead. This is coming on the back of its Friday’s lower close on loss of upside momentum. This price development has left the cross targeting the 133.00 level. A break will aim at the 132.50 level...
One of the advantage of Low Frequency Trading is robustness for conditions in which you trade. Trading styles like scalping are too sensitive on market conditions and results similar to backtests are really hard to achieved. In Low Frequency Trading is situation totally different...
The weakness around CAD remains unabated today, with USD/CAD in fresh cycle highs beyond the 1.3500 handle. USD/CAD above 1.35 on oil slump The pair is advancing for the third consecutive session so far, trading in levels last seen in June 2004 around 1.3510...
we can see at the H1 chart, the market is forming the zigzag in the wave (y). On the minor wave level, the pair may continue forming the ascending impulse in the wave c, which may be followed by a new descending movement of the price...
Australian Dollar continues forming the wave 4, which may be taking the form of the double three. Possibly, in the future the current correction may continue...
At the H1 chart, the price has finished the diagonal triangle in the wave (v), the descending wave (a), and then started forming the wave (b). On Monday, the market is expected to complete it and resume falling inside the current correction...
H4 price broke 100 period SMA together with 200 period SMA from below to above in the end of the previous week, and the price was corrected to be bounced from 1.0980 resistance level back to 1...
EUR/NZD: bullish ranging. The pair is bullish on market condition: price is located above Ichimoku cloud in the primary bullish area of the chart with the local downtrend as the secondary correction breaking 1.6017 support level and 1...
This week is a kind of a buffer zone between two five-day intervals full of crucial market events...
The wave (v) is quite complicated. In the future, the price may continue the fourth correctional wave of the current impulse. However, if the market breaks the maximum of the wave [i] or [a], the pair may continue forming the wave 4...
We have no trade call for the session as it is Monday and there is no tier 1 data due up. Start your week off on the right foot by reading my currency update below. Currency Update: USD: The market currently prices a 72% probability for a Fed rate hike on December 16...
The MetaTrader 4 and MetaTrader 5 trading platforms now support the ePayments system. This electronic payment system provides a convenient and secure e-wallet for online professionals. The ePayments system has joined Visa, MasterCard and UnionPay bank cards, as well as the MQL5...
After finishing the diagonal triangle, Pound has started the correction. Probably, the price has formed the ascending impulse in the wave (a). Later, after completing the local correction, the pair may resume its growth in the wave (c...
BREAKING ZONE BREAKING ZONEIt is an indicator that can be used on any pair and any timefrema. Never repainted, never hide signs and never recalculates señales...
on the H1 chart. After finishing the diagonal triangle in the wave [v], the pair has rebounded from its lower border and started the correction. On Monday, the market may continue forming the wave [b]...
EUR USD, “Euro vs US Dollar” Eurodollar has completed the descending impulse in the wave 3 or C. In the nearest future, the pair may continue forming the correctional wave [b], which may be followed by another bullish impulse in the wave [c] of 4...
Click here to see previous forecast. EURUSD (15 min. chart) EURUSD (1 hour chart) EURJPY (15 min. chart) EURJPY (1 hour chart...
Prakash Sakpal, Economist at ING, suggests that the Chinese policy challenge remains trying to support manufacturing growth and prevent its slowdown from spreading to the services economy. Key Quotes “The November data dump starts...
