USDCAD meets its first monthly resistance test at 1.37900 since breaking through around a staggering two years ago (9 March 2020). Although the following weekly resistance at 1.46294 gave way for USDCAD to dip back below its first breakout of 1.37900 halting any further upswings.
My only concern is a scenario where price gains enough bullish strength and...
EUR/GBP Set for Bear Move after Brexit negotiation lock finally broke . EU gives green light for secret Brexit negotiations on PM's Boris Johnson's plan.
This saw GBP -The Pound Skyrocket to mars amidst a long awaited move anticipated by bullish Sterling Traders.
The momentum sees possible price moves towards the awaited 0.84
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USD/JPY has hit four-month highs amid optimism on trade and Brexit. Mid-October's daily chart is painting a bullish picture.
China has reported the slowest growth level since the 1990s – an annual increase of only 6% in Gross Domestic Product in the third quarter. The world's second-largest economy continues experiencing a slowdown .
Ultimately the bigger...
Cleveland-Cliffs is expected to have the first production plant of Hot Briquetted Iron in the Great Lakes region.As traders get to know about the new plant, the share price will gradually creep up to cross the $9 mark. It is a magnificent buying opportunity.
A conservative model reveals that the new plant would bring, at full capacity, $150 million per...
GBP/CHF Bullish Push towards 1.34 Target throughout December.
As Brexit deciding factors come closer into play for December 2019 , Bullish momentum for the Pound sees the Euro continue to decline against Sterling.
Target 1.34. Important to note Price Action over the next 2 days as to confirm entry on GBP/CHF.
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Fundamentally :
Sterling refuses to push much lower, despite growing talk of a 0.25% interest rate at the end of the month.
Turnover is limited with the US market closed in observance of Martin Luther King Day but any selling pressure is met by buyers and the downside for now looks limited.
Technically
Key level of 1.30 Psychological zone seems to be...
XAU/USD GOLD -Short but bumpy ride down.
With the Dollar set to gain slightly, we could see a move down over the upcoming weeks - this only disregarding fundamental key points that could otherwise dictate a different outcome, as pure technicals are the main driving force for the yellow metal.
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The USD weakness will help oil find higher prices ,USD Index for confirmation.
Keep Crude on our list, as we may see good opportunities for a decent swing to the upside
A Dovish FED Seeking to Cut Rates.
A Channel up identified with price gaining bullish steam after FED signals a rate cut with a dovish outlook towards the Dollar. USDCAD gains a fundamental push backing price swings toward hard weekly resistance of 1.35200.
From a technical viewpoint, USDCAD sees verified support at 1.30450. Currently in a range bound zone...
GBPAUD - After a strong bullish movement over the months from 1.6000 ( MAR 19' ) settling in at 1.87200 (MAY 19')
GBPAUD finds itself in a distribution phase after this bullish trend to the upside of 1.87200 .
The overall bullish momentum carries over to the Daily with an upside from support of 1.81500 , locking in Daily resistance around the 1.84100 ...
After an exhaustive trend downwards from an April high of 75.700, Brent lingers around a solid support level of 70.000
A perfectly timed descending triangle has formed for the Black Gold ahead of a breakout to the 72.450 level, retest 71.700 and daily target push toward 74.500/74.850
This move could prove in line with our USDNOK Trade
USDNOK affected by oil reactions over the last few weeks - forming a wedge pattern as a result that could see a break to the downside. Contributing to the fact of a strong #Dollar, in addition to #Oil bullish prices. #huracanfx
A push to the downside as #Daily Resistance confirms our trade additionally as a third possible touch around 8.82000 as price hovers...
Based on historical data from weekly analysis. CADJPY could revert back onto a bullish path as 3rd retouch of weekly support zone, good setup for a long-term position trade. A Release of fundamental Interest Rate data could give a bullish push needed.
