Double Top Pattern: A Forex Trader’s Guide
Double top patterns are noteworthy technical trading structures to learn and integrate into a trader’s arsenal. Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Double Top Pattern: Main Talking...
Trump might not need to hear much to strike a truce with China: Senior official
President Donald Trump wouldn’t need to hear much from Chinese officials to at least strike a truce in the trade war between the two sides, a senior administration official told CNBC. Trump and Chinese President Xi Jinping are set to...
Finance: China goes from student to teacher
When Goldman Sachs asked Hank Paulson to be its man in charge of Asia in 1990, it was for a simple reason: he was based in Chicago, which meant he was slightly closer to the region than his investment banking...
AUD/USD Targets At 0.7036
During the past 24 hours, the Australian Dollar has moved just 32 pips against the US Dollar. The currency pair breached the weekly R2 at 0.7006 during the morning hours of Friday’s trading session. Most likely, the exchange rate will...
USD/CAD Falling Wedge Pattern
The US Dollar was trading in a falling wedge pattern against the Canadian Dollar on Thursday. The currency pair breached the lower boundary of the pattern at 1.3087 during the Asian session on Friday. A breakout through the bottom border...
NZD/USD Breaches Weekly R2
The New Zealand Dollar traded with lower volatility against the US Dollar on Thursday. The currency pair, however, breached both the weekly and the monthly pivot points during yesterday’s trading session. Everything being equal, it is likely that the currency...
USDJPY Slipping Lower
The US dollar is start to slip lower on Friday against the Japanese yen after buyers failed to sustain the pair above the 108.00 level. Continued weakness below the 107.80 level may see the USDJPY pair test back towards its...
EURUSD Bullish Breakout
The euro has broken to the upside against the US dollar after moving above a well-defined wedge pattern the pair had been trapped in. EURUSD bulls need to break the 1.1400 level to further encourage technical buying towards at least...
GBPCAD Posts 20-Month Low, Looks For A Rebound In Short-Term
GBPCAD is currently trading not too far away from yesterday’s 20-month low of 1.6572, having pulled back marginally. The momentum indicators suggest that there is a potential for an upside correction. The RSI, which has been moving around its 30...
What you need to know about Saturday’s highly anticipated Trump-Xi meeting
President Donald Trump and Chinese President Xi Jinping on April 6, 2017. Carlos Barria | Reuters U.S. President Donald Trump and Chinese President Xi Jinping are poised to write the latest chapter in their globe-shaking trade war when they meet...