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Maybe it's a bit too early, but keep an eye on this one, as it is getting closer to the apex. Potential good trades on the breakouts. Check out our JFD Research page on our website and Trader's Espresso / Trader's Tea Time videos on Youtube. Also, sign up for our weekly Strategic Report on the JFD Research page on our website. The Report is released every...
EUR/USD had its own party yesterday. It rallied against the US Dollar on the news of the US Secretary of State dismissal. Even though the USD looked strong against its Canadian counterpart, it was still significantly weaker against the Euro. Looking at the 4h chart, we can see that the pair is currently trading within the triangle formation. Judging by the strong...
We saw strong selling yesterday in the Canadian Dollar, with USD/CAD making a jump of around 150 pips to the upside. The pair came just shy of around 15 pips from reaching its psychological barrier of 1.30, but probably left that for either today or the remaining days of the trading week. The pair is still holding strong within the upwards-moving channel and is...
Trade Alert. Wait for it to start breaking one of the levels highlighted. Don't forget your stop losses! Check out our JFD Research page on our website and Trader's Espresso / Trader's Tea Time videos on Youtube.
Yesterday we saw a small decline in the USD/JPY and it made a move to test from above the downwards moving trendline taken from 8th of January, which was recently broken. Today, we are seeing a good bounce from that line to the upside, which is bringing short-term strength back on the table. Looking at the 4h chart, we can see that USD/JPY is very close to its...
Looking out for a potential brake to the upside.
WTI Crude oil had a jumpy week, but still managed to close the week in the positive zone. Friday’s burst to the upside was perhaps led by the news that there could be possibility of the US president to meet with North Korea’s leader. Also, the US oil rig count declined on the weekly basis, which also lead to the price of crude jumping higher. Judging by the...
A possible move towards the 0.88400 area.