Monthly Archives: March 2018

GBPJPY further losses in focus; stands below 20 and 40 SMAs

GBPJPY has reversed back down again after finding resistance at the two-week high of 149.37 achieved this week. This top is just below the 38.2% Fibonacci retracement level of the downleg from February’s high of 156.60 to March’s low of 145.00.

Momentum indicators are pointing to a bearish bias i…

USD/CAD Rallies to 8 Month Highs Amid Dovish BOC Expectations

USD/CAD soared in Friday trading to its highest levels since June of 2017, holding above the key 1.30 psychological level.

Looking at the daily chart we can see that price is contained within an ascending triangle. The bulls are currently in charge on this time frame, with price trading above bot…