USD/CAD
Currently we are 1.3069 in a triangle. IF we break down we are looking for a continuation to the 1.270 Fibo @ 1.2953 and maybe a continuation to 1.618 Fibo @ 1.2889. The average daily true range (ATR) for the pair currently is 105 pips.
Yen Leads Post-Payrolls Charge In GreenbackOut of the majors, USD/JPY led the post payrolls charge in the greenback, pushing up through the early 102.00s to tip 102.50, but moves proved cautious in an otherwise quiet session. A strong opening on Wall Street … Read More
AUD/USD: Aussie Edges Higher, Business Confidence NextThe Australian dollar has edged higher on Monday, erasing the losses which marked the Friday session. Early in the North American session, AUD/USD is trading at 0.7650. In economic news, Australian ANZ Job Adve… Read More
July employment report gives hope to dollar bulls following GDP, Fed disThe US dollar was under intense pressure during the period July 27 – August 2. During this period the dollar index suddenly lost about 2.5% of its value – a brutal move for the world’s reserve currency. Following so… Read More
EUR/AUD: Range Breakout?Currently we are 1.4514 in a range. We are looking for a continuation to the 1.270 Fibo at 1.4382 IF we can break the hard bottom. The average daily true range (ATR) for the pair currently is 128 pips.EUR/AUD 240 Minute Chart… Read More
EUR/USD Strong Support Within 1.1050 ZoneEUR/USD 4 Hourly Chart EUR/USD spiked straight from our POC after the analysis on Session Recap webinar. After initial spike the pair dropped after stronger than expected NFP data. Next POC zone is 1.1120-… Read More
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