USDJPY – attempt of breakout the downtrend line was unsuccessful
USDJPY finished day above downtrend line on Friday. In long term this weekly candle may be very important and it can be seen as...
Strong Data brings Rate Hike into Focus
Yellen’s words proving prophetic
Macroeconomic data that consistently beats analysts’ expectations is a sure-fire path no a hike in interest rates no matter what the...
The Price Of Oil Up, Today Reached The Highest Level Since July 2015
Oil production down
The price of oil both Crude and Brent today is gaining in value. The increase in price already exceeded 2% but in...
Trying to Catch Highs and Lows is Impossible
There is no trading system that constantly hits highs and lows
Trying to catch the highs and lows is a common mistake of novice traders,...
AUDCAD – The First Support Ends Correction
From May 2016 AUDCAD is moving in an upward trend forming a channel. During this period, the price has grown close to 1000 pips...
EURGBP – Before Triangle Side Test
Lowest since February 27th
EURGBP was today at a 1.5 month minimum and only 20 pips from the lower triangular limit. Price moves inside the...
GBPUSD has broken resistance at 1.4700
Since last Thursday GBPUSD has been moving up. Such situation was caused by Brexit vote. Last week the price dynamically returned from 1.4100 support and...
Dollar starts long road to recovery
“By Default” rise could be start of period of dollar strength
The dollar index, which judges the performance of the greenback against the currencies of...
Morning Options: NZD/USD – CALL, EUR/GBP – CALL
NZD/USD - during the night there was a quick correction. Broader trend is definitely bullish, which could mean that demand is ready to set...
EURAUD – selloff after breakout of the support at 1.4900
EURAUD reached support 1.4900 on Friday. After few hours that level was finally broken and the session finished below such important area. Investors saw...