Research Desk

USDCAD

17

Nov2017
The pair surged above 1.2800 barrier and hit new over one-week high at 1.2815 on Friday after Canada’s Oct inflation numbers came along with expectations (0.1% vs 0.1 f/c; Core 0.3% vs 0.3% f/c) disappointing many traders who expected higher figures. Fresh bullish acceleration eventually broke above rising 20SMA (1.2763) after ... Read More
November 17, 2017Research Desk
copper

17

Nov2017
Bears showed strong indecision above daily cloud which twisted on Thursday and is widening. Double long-legged Dojis, lest last two days confirm near-term scenario, with fresh recovery attempts on Friday, being so far limited by 55SMA ($3.0673). Technicals remain firmly bearish on daily chart and favor further downside, as persisting fears over ... Read More
November 17, 2017Research Desk
gold

17

Nov2017
Spot Gold accelerates higher after descend following strong upside rejection found footstep at $1275 and closed above rising daily Tenkan-sen, keeping hopes of fresh upside alive. Broadly lower dollar keeps the yellow metal on front foot on Friday for renewed attempt at key $1290 barrier (Fibo 61.8% of $1306/$1263 downleg / ... Read More
November 17, 2017Research Desk
oil

17

Nov2017
WTI oil price bounced on Friday following two-day consolidation above correction low at $54.80, posted after sharp fall on Tuesday. Recovery was so far capped at $56.00 zone (Fibo 38.2% of $57.90/$54.80 pullback) with break here needed to signal bullish extension towards pivotal barrier at $56.30, provided by 10SMA. Close above the ... Read More
November 17, 2017Research Desk
NZDUSD

17

Nov2017
The Kiwi dollar accelerated strongly lower on Friday, extending steep bear-leg off 0.6979 into seventh straight day. Fresh bears broke below key support at 0.6817 (former low of 27 Oct) and extended weakness to new lows, last traded in early June 2016. Larger downtrend from 2017 high at 0.7558 is currently riding ... Read More
November 17, 2017Research Desk
AUDUSD

17

Nov2017
Bears resumed on Friday and test target at 0.7541 (weekly 100SMA), also eyeing support at 0.7516 (Fibo 76.4% of 0.7328/0.8124 ascend). Firm bearish structure of daily techs is supportive for further downside, but bears may take a breather, as daily studies are oversold. No firmer reversal signal seen for now, but corrective ... Read More
November 17, 2017Research Desk
USDJPY

17

Nov2017
The pair accelerated further down on Friday after n/t bears from 114.73 peak took a breather on Thursday for consolidation. Fresh weakness found footstep just ahead of initial target at 112.31 (top of thick weekly cloud), violation of which would open way for extension towards converged 100/200SMA’s (111.73) and top of ... Read More
November 17, 2017Research Desk
EURUSD

17

Nov2017
Near-term bias remains negative following two-day fall after strong upside rejection deeply in the daily cloud and Friday’s recovery attempt stalling under cloud base. Daily slow stochastic reversed from overbought territory and heads south, showing room for further downside. The price may hold in extended consolidation between cloud base (1.1827) and key ... Read More
November 17, 2017Research Desk
USDCAD

16

Nov2017
The pair eased on Thursday, remaining under for-day rally’s high at 1.2789, as loonies got boosted by better than expected Canadian data which offset negative impact from lower oil prices. Today’s dip to 1.2742 was contained by falling daily Tenkan-sen which marks pivotal support and sustained break lower would weaken near-term ... Read More
November 16, 2017Research Desk
EURGBP

16

Nov2017
The cross is lower on Thursday and sees risk of further easing after Wednesday’s strong upside rejection on attempts to sustain break above 0.9013. Shooting star patter was formed on daily chart, warning of deeper fall as today’s bearish extension returned below daily cloud and probed above 0.8928 pivot (Fibo 38.2% ... Read More
November 16, 2017Research Desk
MOST TRUSTED BROKER 2017
Risk Warning: Trading leveraged products can result in the loss of all invested capital. Please consider our 'Risk Disclosure'