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
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
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