Forex Trading Online

EURJPY- close below the descending trendline, support finds at 131.

The cross fell below the descending triangle and closes below that. The cross lost the daily moving averages. The weekly support finds at 131.00 200Wema. Ahead of today’s Japan final GDP on a quarterly basis […]

Read More..

GBPUSD- aiming at 1.5100, bulls last hope remains at 1.4950

The cable extended the fall on a 2nd second consecutive week, lost 20&50 Wsma. The cable fell below the 2-month trading zone, attracting much lower levels. The Chinese slowdown and Fed rate hike factors pressure […]

Read More..

EURUSD- sailing above 1.1080 support level

The pair fell below the 20Wsma but managed to close above that on a weekly basis. Post the Draghi’s statement the euro made a double bottom, trading marginally higher. Given the lack of macroeconomic data, it […]

Read More..

AUDCAD- approaching make or break level

The cross fell below the neckline in the weekly chart, extending lows. Ahead of the Canada employment data the cross is approaching weekly parallel support finds at 0.9170. The cross has been falling for four […]

Read More..