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Falls below 1.2800 The USDCAD has will below the 1.2800 level and in the process is moving closer to the October 1, 2018 low price of 1.27818. A move below that level would take the price to the lowest level since May 2018. Drilling to the hourly chart, the USDCAD is run lower after the better-than-expected employment report out
Sky reports Sky is reporting that Brexit talks will resume tonight after a break in the negotiations. The GBPUSD has come off with the recent chatter that is leaning toward no deal will be done today (or so it seems). The price has just moved back below the September 1 high at 1.34816. The current price is trading at
Cable bounces back after small dip Even the 20-pip dips are being bough in cable today. That’s a great sign for the bulls but 1.35 is putting a ceiling on the pair for the moment. I remain a bull but I think the short-term trade is to go with a break of the range from
Currencies are being shoved around on global developments rather than local it seems, at least the kiwi$ has the RBNZ to keep it interesting! Nevertheless, some local NZ info: Fonterra raised its 2020/2021 milk payout forecast to a mid-point of $7.00/kgMS Comments from the firm: “China is continuing to recover well from COVID-19 and this
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The trading strategy that you decide to use will be one of the most important decisions that you make for your trading. Most traders make the mistake of just trading based off of signals, random gut feelings, or random technical analysis. But, professionals have a rules-based trading strategy and trading plan that they follow each
The buyers running the price up into the fixing The GBPUSD is moving higher into the fixing (just passed at 11 AM ET/1600 GMT). The run to the upside takes the pair up to 1.3500 and to the highest level since December 2019 when the price reach 1.35139 (that was the high for 2019). Earlier today, the price
Stocks dip a bit A headline from Senate minority leader Chuck Schumer says: Sen McConnell does not seem inclined to compromise. He added: warns of double-dip recession without stimulus package additional funding for vaccine distribution is crucial already closer to deal because of bipartisan aid talks the US stocks have dipped a bit on the headline but
The buyers try to push through the ceiling The AUDUSD has tested the 200 hour MA on three straight days. Each got close to the line (see green line), with buyers leaning ahead of the level. The run up today, first cracked above the 100 hour MA (0.73716), and then ran above the topside trend
Forex news for Asia trading for Thursday 3 December 2020 The euro carried on with its move higher in Asia, initially topping out ahead of 1.2120 and after a few hours of sideways then setting a new high above there for the session. The range on the day here has not been large. Cable is
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In this video I will show you how to count levels in order to predict where the forex market will reverse. If you have been searching for a forex trading strategy market maker method is the best trading strategy available. You will also learn about stophunts, peaks, safest trading entries. Note in this video indicators
Oil up nearly 2% Oil went back and tested the August high earlier today and now it’s surging. Crude prices are up $78-cents to $45.34 in a sharp turnaround. To me this looks like a classic breakout, retest and continuation pattern. The OPEC+ meeting is tomorrow and there are often smokescreens at this time but
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