Latest Market News
• CADCHF falling inside wave (2) • Likely to test support level 0.7200 CADCHF recently reversed down with the daily Shooting Star from major resistance level 0.7400 (former strong support from the end of August). The downward reversal from the resistance level 0.7400 started the active intermediate ABC correction (2). CADCHF can be expected to […]
US October CPI report showed that inflation slowed faster than expected, a welcome development for the White House and the Fed, after months of limited policy impact on consumer price inflation. Although inflation in the US remains high, it has slowed significantly compared to the previous month. The broad consumer price index changed by 7.7% […]
Gold has approached the broken monthly downtrend. The asset is trying to draw a Doji candle thus signifying the potential reversal and drop. Currently, it would be wise to check the candlestick formations to predict the future moves of this asset. Brent oil has touched the psychological level of 100 and dropped. Oil might gain […]
EURUSD, “Euro vs US Dollar” The pair has corrected to 0.9999. Today we expect growth to 1.0113 and prospective growth to 1.0160. The goal is local. After this level is reached, a wave of decline to 0.9800 should begin. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has completed a wave of decline […]
USDCAD, “US Dollar vs Canadian Dollar” On H4, at the support level, the pair has formed an Inverted Hammer reversal pattern. Currently, the pair is going by the signal in an ascending wave. The goal of the growth will be 1.3635; later the price may break through the resistance level and extend the uptrend. Still, […]
Forex Trading Tips To Avoid Mistakes The Forex industry is one of the challenging industries and unforgiving ones not only to beginner traders but also to experienced ones too. That is why having a trading plan is essential part for any trader. Below we are mentioning some Forex trading tips to consider in your strategy. […]