The Dollar Is Getting Interesting Again
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are following on from yesterday’s very good trade calls. Therefore, we have taken a stronger look at USD and explain why the dollar is getting interesting again. USD USD has shown us signs across…
USDCAD Technical Perspective
USDCAD Technical Perspective Current USDCAD price action Looking at the USDCAD on a daily chart, we see that its value has been moving on an ascending wedge or pennant since the beginning of October, its turning point indicated by a MACD divergence. Following this turn, its MACD started a bullish phase that lasted the whole…
Trading the Dead Cat Bounce Pattern.
Trading the Dead Cat Bounce Pattern. The Dead cat bounce is a bearish structure that occurs mainly due to a high impact event, for example, news-related, significative, report or a speech by a central bank official. The name arose for the first time in an article by Chris Sherwell in The Financial Times, on December…
USDCAD and US Equity Weakness
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have a look at USDCAD and US Equity Weakness. USDCAD The first opportunity to focus on is the USDCAD. This market has been in a technical daily uptrend since the end of September.…
Metals Group Outlook
Metals Group Outlook The metals group is developing a consolidation structure after a drop started in the second half of the year. Short-term, the group shows a recovery from the lowest levels of the year. On this post, we analyse the long-term outlook for Copper (HG), Silver (SI) and Gold (GC). Copper Copper is…