Gold has done well over the last week moving higher every day. Gold is coming to a key level again on 1300 -1306. This is the 5th time gold is testing this level and has only broken out once before back in August.
If you do a fib retracement from the low on May 2015 to this high of July 2017, you'll see all the key fib levels. The 1306 zone for Gold is key. It...
From a technical perspective USDCAD could run up by roughly 300 pips if it closes above 1.2910 mark. The RSI is not over bought, MACD is showing the start of a move higher as the histogram has moved over the zero line. ATR is decreasing, showing less volatility which is a very common indication on market direction being long. The trend lines show a clear stair...
NZDUSD has given a second chance to get in and get short. From a fundamental perspective NZ want to devalue their currency and this was mentioned back in the summer by their central bank. NZDUSD has gone from highs of roughly 0.7560 down to roughly 0.6775.
The CFTC report shows institutions increased their short positions.
From a technical perspective, 0.6815 to...
