A classic figure of technical analysis, "Triangle", has formed on USD/CAD now. It seems to me that the US dollar will continue to grow today. I would buy USD/CAD after the breakout and retest of the 1.3080 mark. Potential movement - to 1.3100-1.3120.

Short'n'longs

The US dollar strengthened against the major world currencies yesterday. Janet Yellen stated that it is not necessary to delay an increase in interest rates in 2017. EUR/USD There is an interesting technical pattern on EUR/USD at the moment. I will ...

Short'n'longs

The speech of Fed Chairman on the monetary policy and the economy is in the focus today. The data on the GDP of the eurozone will be also published. I identified the following key levels: Support: 1.0595 Resistance: 1.0620 I plan to open short-term ...

Short'n'longs

The growth of the Canadian dollar against the US dollar continued yesterday. USD/CAD has formed the 1.3045 local support level at the moment. I plan to open deals towards the current trend. I will sell USD/CAD after the breakout and retest of the ...

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I’ ll look for the entry points for opening long positions on GBP/USD today. The currency kept the 1.2475 key support level on Friday, February, 10. We can see the power of buyers at the moment. The indicators also point onto the development of an ...

Short'n'longs

A mixed technical pattern has formed on USD/JPY at the moment. I highlighted the key levels: support 113.15; resistance 113.85. Signals of the indicators are different. 50 MA is above 200 MA. The MACD histogram has started to decline. I’ll open ...

Short'n'longs

An interesting technical pattern has developed on USD/CAD. The currency is testing the 1.3150 resistance level at the moment. I’m going to buy this pair after the breakout and retest of this level. The next target for taking profit is 1.3210.

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The yen has weakened against the US dollar yesterday. This happened due to the promises of Donald Trump to make a "phenomenal" tax reform in the nearest future. I plan to open transactions towards the current trend today. I’ll buy USD/JPY after the ...

Short'n'longs

EUR/USD kept the 1.0640 key support level yesterday. It triggered the aggressive buying in the afternoon. I plan to look for the entry points for opening long positions. I’m going to buy EUR/USD in case of the breakout and retest of the 1.0700 round ...

Short'n'longs

Buyers showed their strength on GBP/USD during the last trading session. The nearest resistance level is 1.2540 now. I plan to open positions in the direction of the current trend. I’d buy GBP/USD after the price exceeds the 1.2540 level. Potential ...

Short'n'longs

The euro continues to fall against the US dollar today. I plan to open a deal towards the current trend. I’m going to sell EUR/USD after the price fixes below 1.0640. Potential movement - to 1.0590. I recommend to use trailing stop to accompany this ...

Short'n'longs

There was a fairly sharp rise of the USD/CAD currency pair this week. The technical pattern is mixed at the moment. The currency has reached the 1.3210 key resistance level. The nearest support level is 1.3150. I will open positions after the ...

Short'n'longs

The euro weakened significantly against the US dollar today. I haven’t got any trading ideas currently. I’ve identified the following key levels: Support: 1.0665, 1.0625 Resistance: 1.0725, 1.0765 So, I’ll watch how the price reacts to them. Maybe ...

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The RBA kept its monetary policy unchanged today. The regulator also noted the growth of China's economy, which is a key partner for Australia. I saw an increase in demand for the Australian dollar during the Asian session. Sales dominate on the ...

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The pound weakened significantly against the US dollar on Thursday, February 02. GBP/USD is trading near the 1.2420-1.2470 key demand zone. I think that the correction is possible in the near future. I will monitor this instrument closely. I will ...

Short'n'longs

The US dollar weakened against other major currencies on Friday, February 03. This happened due to the release of controversial statistics on the labor market. EUR/USD I’m going long today. The price kept the 1.0735 key support level. I’ll buy ...

Short'n'longs

GBP/USD The important statistics on the UK economy will be published today. The Bank of England will make a decision on the key interest rate. I won’t open transactions on GBP/USD before the Central Bank meeting. I identified the following key ...

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Yesterday's Federal Reserve meeting pressed the US currency. The central bank left its monetary policy unchanged. The regulator pointed to a gradual tightening of the monetary policy. USD/CAD The technical pattern on USD/CAD indicates the ...

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USD/JPY Support: 113.15, 112.60 Resistance: 113.85, 114.40 Trump criticizes the strong dollar. How soon will the US Federal Reserve increase the rate? Or should we expect another vector of events development? Wish you all good profits!

Short'n'longs

The US dollar weakened against the "majors" yesterday. The first Fed meeting of the year will be held today. Experts assume that the rate will remain unchanged. There hardly will be strong trending movements before the decision of the US Central ...

Short'n'longs