USDCAD had a strong selloff of 3.83% in the month January 2019 with a bearish engulf candle pattern formed. Intermediate resistance level 1.3624 held where a renewed selling pressure began in January 2019. Moving Average […]
Trade Idea: GBP/JPY had an interesting volatility in last week’s trading session. In line with the prevailing downtrend, the pair had a steep fall and now price action is showing a corrective move. I look […]
British pounds mostly affected by headline news surrounding Brexit have since been a volatile currency. Look at the GBP/JPY pair 4 hours chart below, the pair has being trading in a range from the November […]
The Dollar index having rallied to the upside above 96.99 on the first trading day in the week could not sustain the momentum as the dollar fell subsequently in the trading week against other major […]
The Brexit related news, US midterm election outcome, Federal Reserve rate decision, Italy budget issues among others were the events topped the plethora of fundamental releases that shaped sentiment in the course of the week. […]
British pounds all about Brexit. The chart gives an insight into what the market expects (last updated 12th October, 2018). Technical view – more downside likely.