Forex Trading Online

EURUCAD- revisited the 2-month ascending trend line

  The cross has been falling more than a week expects Tuesday. The cross formed a double top twice in the daily chart. First time after 2 months, the cross close below 20Dsma. The Canadian […]

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EURJPY- litmus test at 133.00

 The cross posted big intraday fall after 2 months, closed with % losses. The cross-reacted to our forecast re-tested the neckline. After Draghi press conference began, Germany, France, Italy 10-year bond yields lower. As per […]

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EURUSD- NFP likely to push further lower 1.1050 or 1.0980

The euro extended the fall against the greenback on a second consecutive day after Draghi’s speech. The pair fell below 20&100dsma, managed to hold the 50Dsma and close above 50&100dsma. Goldman Sachs: expect the ECB […]

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EURJPY- aiming neckline?

Traders eye ECB press conference and interest rate decision. We expect the policy remains unchanged. The ECB press conference likely to highlights the inflationary pressures. The fall in the oil prices pressures the ECB to […]

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