USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
USD/ZAR met resistance
Trade idea
SELL at 14.18; TP1 14.00; TP2 13.90; SL 14.26
USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages that now provide resistance at 14.25.
The pair closed below the 38.2% Fibonacci level on Wednesday. It is likely to retrace 50% or 61.8% of the December advance.
Elizabeth Belugina
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GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
XAU/USD: a short-term trade
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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