We all know Nas100 has been in a long term down trend, having been very bearish throughout the year. We believe price will reach 10500 level from this chart which is a 38.2% retracement on the bigger up move, before it makes a bullish reversal to the up-side. News on USD has been very positive lately, also being a fundamental boost for this move. SHORT US100. In...
After the FOMC statement on interest rates, we are anticipating an upswing on USDCAD. The USD is anticipated to gain value. The entry point at 1.23800-1.23880 is a great entry for our buy as we can place a stop loss close by which we do not lose many pips. The technical analysis has a diagonal support around 1.23750-1.2380 as well as the 50MA and 100MA around the...
We know that the news report came out last week stating that USD will gain value on NFP Friday.
We have entered a good selling point for NZDUSD, with the current candlesticks failing to break the strong diagonal resistance. We can anticipate a monthly sell. However it is one in which we need to keep our stops tight, because we are strongly aware that the NZD has...
