Big sell on the NZDUSD pair

July 24, 2014 Good day traders, As we witnessed last night that the Reserve Bank of New Zealand has increased its interest rates from 3.25% to 3.50% which met the forecast. Even though the bank has increased the interest rates, we saw a big sell to the currency against the US Dollar which dragged it from 0.8760 to 0.85680… View Article

GBPCAD.. areas to buy?

July 23, 2014 Good Morning. We have seen a sell off of GBP crosses this morning. One cross which looks interesting is GBPCAD. The reason is, it shows the characteristics of being in a range on the daily charts, but on M30, H1 it is oversold and approaching oversold areas on the H4. Only thing to watch out… View Article