Position remains open. This signal was published originally in our telegram group.
USD/CAD Signal Update (+175 pips)
Well finally this might be starting to make some sense. Target is not set since I will not close until I get a signal or if stop is reached, most likely trailing.
The FX markets went on the move yesterday, with the dollar rising and the pound falling. The greenback managed to gain strength even as manufacturing data came in weak. Meanwhile, the royal currency dropped as more Brexit problems arose. This week, data showed the US manufacturing sector contracted in September. It fell to its weakest level in a decade. Business...
The US dollar continues to demonstrate the resistance. It does not decrease after the Fed cuts, it ignores macroeconomic statistics, it grows amid a political scandal and a possible impeachment of Trump. The US dollar as the main asset-refuge, the growth of the dollar is a consequence of the weakness of other currencies, etc.). But why? Obviously, with time the...
For the whole last week we were waiting for a symposium in Jackson Hole to be held (The Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. ). Fed Chairman Jerome Powell's speech on Friday was the main event. The markets were waiting for the...
Potential Short from Resistance Area . Could be big drop if bad news comes out of meeting between Boris and the French President
if you have your market view, please share it in comments Also, you can ask me questions... Have a great day everyone!
There is too much pressure world wide to cope with the trade wars. It's going to be a race to the bottom. Central bankers world wide are now of the view that the only way to support ailing economies is to reduce interest rates and avoid the additional burden they bring on indebted companies. After the US currencies rapid rise as an alternative to weaker global...
Fibs drawn shows that GU has retraced to its marked area and should continue with bullish momentum until the short opportunity drawn for London.
Not to much to add to what title says, historical range broken and pullbacked, with a clear distribution pattern in 1week chart. Fibonnacci gives an objetive below the parity, almost 0.93. Both objetive in chart. Good luck.
Looking at the 4H and the Daily, we can see the potential for an inverted H&S, with the potential to the upside (1.3000 as final target) We are at lows, around the 1.2550 zone, which has served as previous support. Price is currently above this area, and I am looking for a movement to 1.272 through to 1.28, if we can break above, we can potentially see a price...