AUD/USD is currently trading at 0.7065 with a high of 0.7171 and a low of 0.7043. AUD/USD has been supported in the US session after the release of the dovish FOMC minutes. The price had otherwise been in free-fall in the start of 2016 on the back of the Chinese ...
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January, 2016
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7 January
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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7 January
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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6 January
Explosive Growth Mentoring Trading Room
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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4 January
GBP/CAD recovers from 4-week lows
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.
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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. -
3 January
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.
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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. -
2 January
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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December, 2015
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7 December
Never Take a Trade Because of Fear of Missing Out
In today’s video I took a trade that was timed poorly. The reason I made the decision to enter and break my rules was because I was afraid of missing out on the profit on the trade. I am sharing this because it was a […]
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7 December
Eur/Usd Trade Idea Could Add 10% to Your Account Next Week
Thursday the EUR/USD made a massive reversal to the upside, so what does this mean for the EUR/USD? Well if we take a look at this reversal this actually has several clues as to where this market could be going. The first thing I want […]
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