Sunday , January 20 2019

Recent Posts

USD/CAD Technical Analysis: Dip To 34 DMA Favors Long Risk: Reward


To receive Tyler’s analysis directly via email, please SIGN UP HERE Talking Points: -USD/CAD Technical Strategy: Favorable Risk: Reward To Establish Long -Time Based Correction Means Sideway Chop Could Continue -Long Bias Invalidated on Break and Daily Close below 1.3115 (Less than 100 pips) The Canadian Dollar has been unable to catch a bid as the ...

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US stocks fall sharply weighed by oil, China


US stocks finished the day with sizable losses on Wednesday, weighed by a combination of a slump in oil prices, geopolitical tensions and fears of a Chinese economic slowdown. Meanwhile, the minutes of the latest Federal Reserve meeting showed that despite members voted unanimously to raise rates in December, it ...

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Explosive Growth Mentoring Trading Room

Master Forex Currency Trader

I’ve had the privilege to be part of Winner’s Edge Trading’s Explosive Growth Mentoring trading room these last two days. Now I’ve been trading a while and most of these concepts are not new to me. But to watch Casey Stubbs (Winner’s Edge Founder) put them […]

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GBP/CAD recovers from 4-week lows

Canadian Dollars

FXStreet (Córdoba) - The GBP/CAD cross bounced off 4-week lows scored at the opening as the Canadian dollar weakened, with the pair climbing to a daily high of 2.0590 before finding resistance. Having corrected lower from highs, GBP/CAD is about to close the day around 2.0525, still up 0.88% on the day.

GBP/CAD technical view

“Currently trading around the 38.2% retracement of the December rally, the 1 hour chart shows that the price is above a bullish 20 SMA, while the technical indicators hover above their mid-lines, showing no actual directional strength”, said Valeria Bednarik, chief analyst at FXStreet. “In the 4 hours chart, the bearish tone prevails given that the price is struggling around a bearish 20 SMA, while the technical indicators remain below their mid-lines, slowly gaining bearish slope. Some steady advance beyond 2.0540 should lead to a retest of the mentioned high, anticipating some further gains towards the 2.0630 region for this Tuesday”.

Support levels: 2.0470 2.0420 2.0360. Resistance levels: 2.0540 2.0590 2.0630.
For more information, read our latest forex news.

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Gold set to post third yearly loss in a row


FXStreet (Córdoba) - Gold traded little changed during the last session of the year but remained on track to post monthly and yearly declines.

February gold was less than 0.1% higher at $1,061.30 an ounce. The yellow metal is set to score a 1.4% weekly loss, a 0.5% monthly decline and a 10% fall for 2015, making this the third yearly loss in a row.

The yellow metal has been under pressure during 2015 amid a stronger dollar heading into the Federal Reserve lift-off and broad weakness in commodities amid worries about China’s economy.
For more information, read our latest forex news.

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4 Thoughts About Trading in the New Year


Well, 2015 is in the books. Good or bad, it’s over with and we must move on. If you had a tough trading year, you’ve got to forget it. If you had a great trading year, you’ve got to forget it. What are important things […]

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