Forex Trading Online

Wednesday Morning FX thoughts. Buying trades on NZDCAD and USDJPY.

The Aussie and Kiwi dollar were the winners 0.40% and 0.30% in Tuesday session. The euro/X retraced nearly 0.3% each against commodity currencies. The US dollar declined against the most traded currencies, especially commodity currencies […]

Read More..

BRENT: Completed the distribution pattern target

Oil price manages to hold the 20MA firmly made a minor base at $61. The near-term price action remains between 62.85 and 61. The daily RSI sloping down and the oscillator remain bearish. The daily […]

Read More..

EURGBP: Remains in a narrow range.

The cross re-tested the 20MA in Monday’s early Asia trade and rebound marginally. Europe political risk will weigh over the euro in the near term. Our main focus will be on the UK GDP and […]

Read More..

EURUSD: Europe political risk will weigh over the euro in the near term

The brand new week started with a political uncertainty shifted the EURUSD trend lower again. Europe political risk will weigh over the euro in the near term. The talks on forming Merkel’s next government collapsed, […]

Read More..