Gold futures traded lower on Friday, a day after recording the strongest daily surge for the month
Rising US Treasury yields and an uptrend in the greenback exerted pressure on [...]
Trading news
EUR/CAD Bearish ABCD and Trendline Confluence
The EUR/CAD is currently in a zig-zag downtrend. We can see a distinct trend line that makes a confluence with H3, ATR pivot and ABCD bearish pattern. ABCD is valid and confirmation of short continuation comes with 1.4025 break. Additionally, the POC zone is 1.4060-80 so watch for possible rejections off the zone too. Targets are 1.4000 and 1.3945. Only the break of 1.3940 will extend the target towards 1.3900 zone. Invalidation of this bearish scenario comes if 1.4110 is reached.
Tuesday, 31 Jan, 2017 / 3:18
Trading news
The latest Fed and ECB statements move the currency market
Over the weekend, the Fed head has once again assured that the ultra-expansive [...]
Gold Is Consolidating After Growth
Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForex Early in the [...]
