Type: Bearish DropKey Levels:Resistance: 1.70905Pivot: 1.70076Support: 1.68347Preferred Case:Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can...
Market Spotlight: Bearish GBPCAD Opportunities Into BOC
Upside Risks For CADThe BOC meeting today will be a key catalyst for CAD price action across the remainder of the week and into the next. With the BOC among the more hawkish of the G10 central banks,...
Are Dark Clouds Gathering Over GBP?
BOE Rate Hike Expectations WeakenAn escalation in BOE rate hike expectations has been a major driver of GBP upside over the last month. Strong data from the UK coming out of the summer, accompanied by...
Market Spotlight: GBPCHF Bullish Opportunities
GBPCHF On WatchThe hawkish shift in last week’s Bank of England meeting has put GBP firmly back in focus. One chart in particular which I am watching is the GBPCHF. Following the initial channel...
Market Spotlight: GBPCAD Breakout Opportunities
GBPCAD Correction Creates Opportunities Canadian CPI yesterday came in better than expected which has created some near term pressure on GBPCAD. However, with UK CPI having seen a record increase over...
Market Spotlight: Trading Canadian July CPI
CAD CPI Up NextLooking ahead to today’s US session, CAD traders will be focused on the latest Canadian CPI data due to be released. With the BOC among the most hawkish of the G10 central banks, any...
CAD Surges On Hawkish BOC Tapering
BOC Takes Action The April Bank of Canada meeting held yesterday firmly caught the market off-guard. Traders had been bracing themselves for the bank to announce the tapering off of its monthly asset...
Market Spotlight: GBPCAD At Key Level Into BOC
GBPCAD Testing 1.7578 The rally in GBPCAD has seen price trading back up to test the 1.7578 level which is a key pivot for the pair having held as resistance upon several tests over the last 18...
Chart of The Day GBPCAD
Chart of the Day GBPCADGBPCAD Potential Reversal Zone - Probable Price PathGBP: The British government implements more restriction measures and is worried about the prospects of the British economic...
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