AUD/CAD triangle formation on Daily Chart

Triangle formation Breakout down support of the triangle,retest, good position for short with stop above the formation Target future projection of the upper resistance of the triangle Jr. Trader V.Mitov

AUD/JPY: Negative trend continues after the correction.

Bear trend with short term long. 3 lower highs- bear price trend Price below moving averages positioned in short formation Indicators in negative territory: RSI below 50 CCI(50) below 0 Three in a row bear bars- gives signal that the trend probably will continue Стефан Д. Ангелов – Head of Stocks Trading

GBP/USD: Warning for today`s `Super Thursday` and bull signal ahead.

GBP/USD: Midterm up trend Higher high in current bar with engulfing of the last 2 bars- strong impulse. CCI(50) above 100- possible long moves Price above 3 EMA and moving average in bull formation Sentiment: good data from GBP support the currency Warning: Today is `Super Thursday` for UK high volatility is expected. Stefan D. […]

USD/CAD: Evening Star – Bearish Reversal

USD/CAD: Long and medium uptrend Price action: Evening Star – Bearish Reversal Peaks trade signal – risk with less exposure. The current bar passes in the middle of the bull bar, which enhances the likelihood of a response signal. More conservative entrance – after a slight price adjustment to about 1.45 to sell. S. Angelov […]

Scotiabank: USD/CAD at 1.4500 Is Next Level to Watch

According to long-term technicals, USD/CAD at 1.4500 is next major retracement level, Scotiabank strategist Eric Theoret says. Maintains bearish CAD view given decline in oil prices and relative central bank policy. “The magnitude of moves over the past week or so have been quite surprising”; has yet to see any ‘‘meaningful’’ pullback. Withstanding a rally […]

CFTC’s speculative net positions

The Commodity Futures Trading Commission’s (CFTC) provides a breakdown of the net positions for speculative traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use […]

Bill English; Business New Zealand prefers a weak kiwi

Six percent of the New Zealand dollar gain from September hurt sentiment among exporters who would rather exchange rate several cents lower, said Finance Minister Bill English. The ascent of the “kiwi” to 68.26 US cents will cause many companies to go beyond the comfort zone. The currency will drop almost 7% by the end […]

Dollar shifts higher in ‘calm before the storm’

The dollar was slightly higher against the yen and the euro in rangebound Asia trade Wednesday, as investors awaited key events later this week such as the U.S. jobs data. Although investors have already increased their bets that the U.S. Federal Reserve will start raising rates in the middle of this month, the pace of […]