June 20, 2014
GBPCAD hit oversold areas which was represented on the RSI (on H1, H4 and D1 charts). The reason for the huge selloff was on the back of stronger than expected retail sales from Canada. As well as being oversold, the pair also hit a upward sloping trendline on the H4 chart. I have bought on… View Article
June 20, 2014
Canadian Retail sales came in a lot greater than expected giving a massive boost to CAD, especially as it was the largest increase for 11 months. Below is a H4 chart of USDCAD.
June 19, 2014
Yesterday I wrote about the trendline to the upside in Gold which we were looking at. As we stated it did not break yesterday over the FOMC, but then today the increased uncertainty, along with the Fed’s rhetoric on slower growth, coupled with the increasing tensions with regards to Iraq have caused a surge upwards, we… View Article
June 19, 2014
Good morning, I am back with some news prior to the US Open. I know you missed me and probably haven’t been making as much money linked to the lack of my posts. Here we are though: London has come in to start selling USDs with EURUSD creeping above 1.3600 to the session high of… View Article
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