Forex Trading Online

EURCAD- if the cross close above 1.5050 the bulls aim at 1.5100 and 1.5200 in the next week.

The cross extended the gains on the second day as well. The 20Dsma has been acting as strong support, manages to erase most of the previous week loss. The New Housing Price Index (NHPI) rose […]

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GBPUSD- approaching resistance zone

 The US dollar fell to a one-week low against most majors. The pound gained 0.5% close above 200 but rejected at 100Dema and 20Dsma as well. The cable made a double bottom at 1.5164. The greenback […]

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EURUSD-Inverse h&s pattern aiming at 1.1320 and 1.1330.

The US dollar fell to a one-week low against most majors. The euro gained 0.6% close above 20Dsma and 200Dsma as well. The pair posted a strong close after six days. Speculations keep on hitting […]

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CADCHF- knocking at 50Dsma & 20wsma

The BOC rate decision rejected the loonie at 20Wsma at yesterday’s session. The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate […]

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