Despite continuing trade strain, economic data shows how Canada benefits from the exceptionally strong US economy. Increasing retail sales will boost growth. As far as Canadian economic performance is concerned, the trade-related damages are quite limited. This is the story that is expected to see tomorrow, GDP growth has increased by 0.4%. As in the […]

The pound fell, equities slid and gold climbed on concern U.K. Prime Minister Theresa May is prepared to lead Britain out of the European Union’s single market and as the U.S. President-elect suggested other countries could break from the bloc. Sterling fell below $1.20 for the first time since October after the Sunday Times said […]

USD/JPY – D1, uptrend Price under level of support. Correction to 23.6% Fibonacci. Price action: Pin bar is formed on support level – signal for probable rising. It’s good to wait the current bar to close for a signal approval. Technical Indicators: Gold cross on 50 and 200 SMA. Price above 50SMA. Price above 200SMA. […]

USD/CAD, H4, trend short. Break of the former horizontal support, current resistance. Break of Fibonacci 61.8%. Breakout test, followed by rebound in a downtrend direction. Price Action: Hanged man of resistance levels Technical Indicators: Indicators give mixed signals. Price above 50SMA. Price above 200SMA. Death cross. DeMarker, tursn up below 0.3 – positive signal! SL: […]

For the yen, 2016 was a wild year. The next twelve months may bring more of the same. Traders are expecting wider swings for the currency, with one-year implied volatility near its highest since 2013, as the yen heads for its strongest week against the dollar since July.

AUD / NZD: Daily chart- downtrend Price below diagonal resistance and 50 MA Price Action: pin bar (hanging man) on resistance – a negative signal indicators: 50 / 200MA: 50 under 200 – a negative trend DEM: remains below 0.7 CCI (50) below 0 – negative territory SL: 1.0520 Alternative scenario: If the price crosses over […]

NZD / CAD: Daily chart, upward movement and corection to 50% of Fibo Price above 200MA and 50 Fibo Price Action: pin bar (hammer) on 200MA indicators: 50 / 200MA: 50 above 200 – positive trend CCI (50) and DEM: spin from zone of over-sold market SL: 0,91980 Alternative scenario: If the price crosses below 200MA is […]

EUR / NZD: Daily chart – downtrend Price below diagonal resistance and 50MA Price action: Pin bar on resistance – negative signal indicators: 50 / 200MA: 50 under 200 – a negative trend CCI (50) below 0 – negative territory SL 1.5113 Alternative scenario: If the price crosses above the 50MA it can spoil the […]

GBP / USD: Daily chart – downtrend Price below diagonal resistance, the last bar closes below the 50MA Price Action: engulfing bar – a negative signal indicators: 50 / 200MA: 50 under 200 – a negative trend CCI (50) goes below 0 – negative territory SL 1.26440 Alternative scenarios: if the price crosses above the […]