Community
Blog

Community Blog

Add post
Filtered by tags:  Weekly Resistance 3
Avatar

Loonie breaks to new highs after BOC rate cut

al_dcdemo Posted 16 July  in #Trader's blog #USD/CAD #Boc #Rate Cut #Daily Resistance 1 #Weekly Resistance 2 #Weekly Resistance 3 #H1 Chart
BOC cut Overnight Rate to 0.50% from 0.75%. That also put Bank Rate to 0.75% from 1.00% and Deposit Rate to 0.25% from 0.5%. The move was not entirely unexpected but, in combination with breaking strong six-month resistance and trading to new highs, it was enough for the pair to jump 120 pips on the release and 180 pips on the day.
The pullback was minimal so far. Post-release pullback was contained by Weekly Resistance 2 (1.2882). After that, the pair made new high for the day (1.2958) and has …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD/JPY pops 2007 high overnight

al_dcdemo Updated 28 May  in #Trader's blog #Yen #USD/JPY #Daily Resistance 3 #Daily Resistance 1 #Daily Resistance 2 #Weekly Resistance 3
USD/JPY continued its uptrend overnight and broke 2007 high at 124.14, to the highest in the last thirteen years. It stalled at Daily Resistance 1 (124.23) and then pulled back 50 odd pips.
Initial resistance is found in 124.15 - 124.25 band (June 2007 high, Daily Resistance 1). Then few intraday levels: 124.50 level, Weekly Resistance 3 (124.66), Daily Resistance 2 (124.80). Then stronger at 125.00 level, before possibly even stronger in 125.50 - 125.70 band (125.50 level, Daily Resistance 3, H…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USD/JPY breaks higher

al_dcdemo Posted 27 May  in #Trader's blog #Yen #USD/JPY #Daily Resistance 1 #Daily Resistance 2 #Weekly Resistance 3
USD/JPY broke out of the six month trading range (115.50 - 122.00) yesterday and traded up to 123.30, adding more than 150 pips from the open. It wasn't able to follow through overnight as it remained in tight consolidation between 122.80 and 123.30. We'll see soon enough if this rally still has some legs, when European traders will start coming to their desks shortly.
July 2007 (123.67) and June 2007 (124.14) highs appear to be the main resistance levels nearby. Pivot point resistance levels ma…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURo through the roof

al_dcdemo Posted 29 Apr.  in #Trader's blog #Euro #EUR/USD #European Session #Fomc Statement #Us Advance Gdp #Weekly Resistance 3
Euro has convincingly broken above late March and early April highs near 1.1050. It was trading below 1.10 during most of the European session but then much weaker than expected US Advance GDP release sent it through the roof.
It busted January low (1.1098) and all three daily pivot point resistances in the process, before stalling ahead of 1.12 level and Weekly Resistance 3 just above that. Hawkish FOMC statement then offered longs an excuse to take some off the table and the pair subsequently …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments

Top bloggers

Blogger Posts / Likes

Top rated posts