Forex Trading Online

GBPUSD- cable has been consolidating in a tight range, but knocking at the higher end

The cable manages to make high at 1.5723, but unable to close above 1.5700 marks. The bulls manage to produce a higher close after 6-weeks consolidation. Given the lack of macroeconomic data, it is understandably […]

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GOLD- Approaching resistance zone, shy of $1,175.00.

The precious metal glitter straight 3 consecutive strong gain produced 4% weekly gains. The China bear spread to the global equities markets, sell-off around the globe. We have been recommending buying for targets $1,140.00 and […]

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CADJPY- Opened below the weekly neckline, approaching bulls last hope zone

The cross extended the fall on a 3rd consecutive day. On Friday’s session, the cross fell 1.5% closed at the lowest point of the day. Today at Asia-pacific session the cross fell below the weekly […]

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EURUSD-Approaching the resistance zone 1.1470 and 1.1550

 The single currency posted strong gains, closed at 2 months high. After 14 weeks, the pair gave a strong close on a weekly basis. After the FOMC dovish minutes, the smart money shifted from USD […]

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