Рубрика: News

News forex

USD/CAD Hugs Trend Line, But For How Much Longer?

Previously, we wrote how USD/CAD may soon begin a resumption of the downtrend. The corrective phase higher appears to be extending for the time being. The wave from the October 31 high to the November 10 low appears to be a three wave zigzag pattern. This shifts the odds that any weakness may prove to […]

Bitcoin stretches to high of $8290.99

Hard to keep the cryptocurrency downA week ago (on Monday), bitcoin fell to a low of $5605.  Today bitcoin traded to high of $8290.99.From low to high that is $2,685.99On a % basis the rise from the low was equal to a gain of 47.9%.Technically, the price last week moved back above the 100 and 200 […]

Since Congress is on recess this week

Fewer headlines, fewer worries? Is the slow climb in the dollar today a sign of things to come? The main thing is that it’s going to be a slow news week. Congress is on recess until next week and the economic calendar is light, especially in the United States. This is a market that loves […]

Gold May Reverse Based on Key Shift In Sentiment

Spot Gold: Retail trader data shows 72.7% of traders are net-long with the ratio of traders long to short at 2.66 to 1. The number of traders net-long is 10.0% lower than yesterday and 21.1% lower from last week, while the number of traders net-short is 4.4% higher than yesterday and 20.8% higher from last […]

USDJPY tests trend line and the 38.2% retracement.

Inches higher and higherGold is lower. Stocks are higher and steady. Interest rates are higher.  All are helping to keep the USDJPY supported and it inches higher in trading today.However, we are also approaching a topside trend line, 38.2% and a swing area from last weeks trading at the 112.65 area.  Just above that is […]