Forex
Forex Free Trading Tips
Monthly archive August, 2017
EUR, CAD: Stretched And Vulnerable To Correction; What’s The Trade? – TD
TD FX Strategy Research notes that in-terms of current G10FX valuation, the convergence currencies (EUR, CAD and SEK) all looked stretched against the 1yma, especially as they approach multi-year highs.
Over the coming weeks, we think this group is Read More →
USDCAD – US Dollar Back in Bullish Zone Vs Canadian Dollar
Key Points
- The US Dollar after trading as low as 1.2526 found support against the Canadian Dollar and moved higher.
- There was a break above a major bearish trend line with resistance at 1.2580 on the hourly chart of USDCAD. Read More →
USDCHF – US Dollar To Continue Higher Vs Swiss Franc?
Key Points
- The US Dollar made a nice upside move from the 0.9600 handle against the Swiss Franc.
- There was a break above two bearish trend lines with resistance at 0.9645 and 0.9675 on the hourly chart of USDCHF.
- Recently Read More →
USD/JPY: Broader Range Of 108-115 To Hold M/T: Where To Target S/T – Danske
Danske Bank FX Strategy Research expects the broader trading range for USD/JPY of 108-115 to hold over the next 3-6 months on the ground that a dovishly priced Fed and short USD positioning look set to support the cross in Read More →