Economic news is expected to be the main mover of USDCAD in the coming week.There are five Canadian events in the upcoming week, including tier-1 employment releases.
IMPORTANT ECONOMIC EVENTS:
Raw Materials Price Index
The US dollar is expected to remain under pressure, with possible...
EUR/USD recently has failed to keep gains above 1.22.
CURRENT PRICE ACTION:
Bulls are rushing psychological hurdle of 1.22 for the third consecutive day.
If rejected above 1.22 is followed by a downside break of the trendline recent ascending trendline support is located at 1.2192.
Very simple targets of previous highs.
👀 LEARNING ABCD
ABCD pattern is as old as end of day data received your fax machine at the market close.
To spot this chart pattern, all you need is to be a little observant & use of the Fibonacci chart tool.
✍🏼 CHARTING THE LINES
AB and CD are known as the legs while
BC is the correction.
If you use the Fibonacci retracement tool on leg AB, the retracement BC...
The bitcoin and cryptocurrency community, fiercely protective of its privacy, has been rocked by a massive data breach that's seen the personal information of over 270,000 bitcoin and cryptocurrency users published online.
Price area on the chart has continued to form major price structures is 24500-24300 as investors get shakey on...
Gold prices spiked to $1900 in Asia session yesterday, jumping to 6-week highs after lawmakers in Washington agreed to $900 billion package of pandemic aid.
Covid Crisis has European nations close all travel and traffic with the UK – the world's 5th largest economy – where a new strain of Covid-19 forced the Government to impose...
Christmas is cancelled and New Years celebrations are on hold as the new strain of COVID fears spread along with the virus accross the world.
Risk is back on and Brexit talks continue to drag into Christmas week.
Trade halting 1.3280 and the monthly bottom. Waiting for consolitation at this level if not before.
New Zealand has fared better during the coronavirus pandemic than most other countries on the planet giving it an advantage to restart a growth based economy. New Zealand Dollar is well-positioned for more gains, similar to its sister the Australian Dollar
Traders are further net-short than yesterday and last week (acording to IG), and the combination of current...
Bitcoin has hit a record value of $19,920.53 this month, prompting a surge of interest from British investors.
JPMorgan Predicts $600 Billion Bitcoin Demand
The Bank said that even 1% of asset allocation by large financial companies would result in $0.6 trillion BTC demand. The bank expects financial services companies from the US, EU, Japan and the UK to...
Gold prices have opened the week at a key support level around the 61.8% retracement of the June-August major move.
Short and Long-term strategies may favor Gold strength, while intermediate-term strategies may continue to look for bullish swing scenarios as COVID fears become more serious in the UK & Europe. Recent price action tell us Gold...
CFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade.
If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting...
Microsot's company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with monero (XMR, -0.42%) mining trojans this summer.
BISMUTH is leveraging cryptocurrency miners to stay under the radar and establish persistence in targeted networks. BISMUTH is running increasingly complex cyber espionage attacks as early as 2012,...