News

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 […]

Technical & Trade View USDCAD 1.3330 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 1.3410 1.3330 Target Achieved, New Pattern Emerging Technicals Primary resistance is at 1.3410 Primary pattern objective is 1.3165 Acceptance below 1.3230 next pattern confirmation Acceptance above 1.3430 opens a test of 1.35 20 Day VWAP bearish , 5 Day […]

FX Reversals Underway Last week’s sudden drop in the Dollar has proved highly fertile for reversal traders in FX. Across the board we’ve seen USD-counterparts rallying firmly. For technical traders, these moves looked well signalled given the basing action and momentum divergence we’ve seen in pairs such as EURUSD, GBPUSD, AUDUSD and (on the other […]

XAUUSD, “Gold vs US Dollar” At the resistance level, the instrument has formed a Shooting Star reversal pattern. Currently, the pair may go by the signal in a yet another correction wave. The goal of the pullback will be 1745.00. After a test of the support level, gold may bounce off it and continue the […]