USD/CAD Slips Lower - Downward Trendline Plays
The USD/CAD pair was closed at 1.33502 after placing a high of 1.33947 and a [...]
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GBPUSD TO DROP ON WEAKENING MACRO DATA, DESCENDING TRIANGLE SUPPORTS THE MOVE
GBPUSD, Daily
Weakening U.K. macro data, dovish guidance from BoE governor Carney, and a series of consecutive lower tops and bottoms on the GBPUSD price is creating a technical bearish descending triangle that supports my view that the pair will trend lower towards the price objections 1.4960 (Target 1) and 1.4890 (Target 2). Given that this week is filled with scheduled market moving events i.e U.S. Fed Speak, Friday NFP, which should create wide price swings, supports my view to look for an opportunity of strength to sell into around the 1.5170 – 1.5225 zone.
Wednesday, 02 Dec, 2015 / 12:06
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AUD/USD Choppy Sessions Continues - Traders Brace for Breakout!
The AUD/USD pair was closed at 0.71487 after placing a high of 0.71838 and a [...]
