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Forex Trading Alert: USD/CAD Erases Losses
December 28, 2015, 11:15 AMEarlier today, the U.S. dollar reversed and increased against its Canadian counterpart after the price of crude oil moved lower once again. As a result, USD/CAD approached the previously-broken upper border of the rising trend channel. Verification of the breakdown or further rally?
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Forex Trading Alert: AUD/USD – Breakout or Fakeout?
December 23, 2015, 8:23 AMYesterday, the U.S. National Association of Realtors showed that existing home sales dropped 10.5% to a 19-month low of 4.76 million units in Nov, which pushed the USD Index lower. As a result, AUD/USD broke above an important resistance line. Will we see further improvement in the coming days?
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Forex Trading Alert: USD/CHF - Currency Bears vs. Support Zone
December 22, 2015, 6:35 AMEarlier today, the USD Index extended losses, which pushed USD/CHF to the lower border of the consolidation. Will it withstand the selling pressure in the coming days?
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Forex Trading Alert: EUR/USD – Support Zone Continues to Keep Declines in Check
December 21, 2015, 8:17 AMEarlier today, the euro was almost unchanged against the U.S. dollar as sentiment on the greenback remained supported by the Wednesday’s Federal Reserve’s decision. As a result EUR/USD is trading slightly above the key short-term support. Will it encourage currency bulls to act in the coming days?
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