Latest Market News

EURUSD, “Euro vs US Dollar” The pair has completed a wave of decline to 1.0270 and a link of growth to 1.0357. At the moment, the market is forming a consolidation range under this level. With an escape upwards, the range may extend to 1.0410. With an escape downwards, a pathway to 1.0175 will open. […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the growth will be 1.3880; later the price may bounce off the resistance level and extend the downtrend. However, the […]

The Japanese yen against the US dollar is getting every moment weaker. The current USDJPY quote is 140.54. The morning Japanese statistics show that in Q3 the GDP of the country dropped by 1.2% y/y, while the forecast was a decline by 1.1% y/y. Quarter-wise, the decline was 0.3% against the expected growth by 0.3%. […]

EURGBP, “Euro vs Great Britain Pound” The pair is correcting by the Triangle pattern, going above the Ichimoku Cloud, which indicates an uptrend. A test of the upper border of the Cloud at 0.8725 is expected, followed by growth to 0.8965. An additional signal confirming the growth will be a bounce off the lower border […]

How to Create a Trading Plan If you want to succeed in Forex you need to have a trading plan. The trading plan it is trader’s guide to identify and execute trades, including what conditions they will buy and sell securities. Below you will find some important factors that your trading plan should contain. Rate […]

Copper Climbs Above Bear Channel  The sharp drop in USD last week has fuelled noteworthy moves across markets. Commodities markets have benefitted strongly from a weakness in USD, as evidenced by the rally we’ve seen in copper. Following heavy sideways action since early July, copper futures broke out to their highest level since June last […]