USDCAD looks to have formed a double top on the 4 Hourly time frame. Should price break the neckline, we will be looking for shorts, bearing in mind the interest rate decision by BoC on Wednesday.


Forex is dying

When I was introduced to trading 5 years ago I never, at that moment, imagined that I would be at the point where I am today. I was still working about 80+ hours per week, having started off as an ‘on call garbage collector’ if you will. By no means am I saying that I…Read more Forex is dying

DJ Newswires European Technical Anaysis

London--Rolling 24-hour chart levels: Forex spot: EUR/USD USD/JPY GBP/USD USD/CHF Spot 0730 GMT+2 1.0682 112.18 1.2513 0.9962 1 Week Trend Bearish Bearish Bullish Bearish 1 Month Trend Bearish Bearish Bullish Bearish 200 day ma 1.0770 110.45 1.2445 1.0005 3rd Resistance 1.0740 113.00 1.2620 1.0000 2nd Resistance 1.0715 112.75 1.2580 0.9985 1st Resistance 1.0700 112.50 1.2545…Read more DJ Newswires European Technical Anaysis