USDCAD backs off after rising to swing area. Traders may be feeling overbought conditions
The USDCAD has been racing to the upside over the last few weeks with the low price at 1.3472 back…
Category: Technical Analysis
Kickstart the FX trading day for Oct 22 w/a technical look at EURUSD, USDJPY and GBPUSD
In the above video, I take a technical look at the 3 major currency pairs EURUSD: The EURUSD held below…
USDCAD Technical Analysis – We are near a key resistance zone
Fundamental Overview The lack of catalysts recently kept the US Dollar supported across the board despite the slowdown in momentum.…
GBPUSD Technical Analysis – The USD continues to gain amid rising yields
Fundamental Overview The lack of catalysts recently kept the US Dollar supported across the board despite the slowdown in momentum.…
EURUSD Technical Analysis – New highs in Treasury yields boost the USD
Fundamental Overview The lack of catalysts recently kept the US Dollar supported across the board despite the slowdown in momentum.…
Gold Technical Analysis – It's not worth it chasing this rally
Fundamental Overview In recent days, gold has been making new highs despite the lack of bullish catalysts. Moreover, the latest…
Kickstart the FX trading day for Oct 21 w/ a technical look at the EURUSD, USDJPY & GBPUSD
As the new trading week begins, the USD buyers are exerting their control. EURUSD: The EURUSD sellers (USD buyers) are…
USDCAD runs to a new high with the broader USD. Extends toward high from last week.
The USDCAD is pushing to the upside (with the broader USD advances today) and in the process is stretching toward…
Crude oil futures settle at $70.56
Crude oil futures are settling at $70.56. That’s up $1.34 or 1.94% on the day. The low for the day…
GBPUSD moves toward low from last week and 100 day MA/61.8% retracement
The GBPUSD is trading near its lows for the day and looks to test: Low from last week at 1.29729…