Forex Trading Online

USDCAD-The pair fell below the ascending 2-month trend line, been closing below that.

The pair extended the fall at the 2nd consecutive day as well, closed below 20Dsma. The oil prices paused the further decline helps the loonie to inch higher. The pair shifted the four-hour chart to […]

Read More..

EURAUD-The cross formed a bearish h&s pattern in the hourly chart, extending the neck line

The cross formed a bearish h&s pattern in the hourly chart, extending the neck line support with lower low bearish bias. The nearest support zone remains at 1.5000 and 1.4980. The 2Dsma finds at 1.5000. […]

Read More..

Todays’ closing might print near and medium term direction of the cross.

The cross closed below the 20 Dsma seems at 2.1200, earlier made a double top at 2.1523. The nearest support levels find at 2.1090, 2.1060 and 2.1000. In the hourly chart, the cross has been […]

Read More..

AUDUSD-RBA- the further depreciation of the Australian dollar was expected

Today at Asia’s session, the Aussie Minutes of the Monetary Policy Meeting of the Reserve Bank Board was released. The RBA likely to depreciate the AUD further. “Very low-interest rates were continuing to support strong […]

Read More..