Comments from Spanish Economics Minister May Push EUR/CAD Higher
As we forecasted on July 1, the EUR/CAD did move further up once the price closed above the resistance zone near the 1.3970 level. In fact, since July 6, when… more
Archive for July 2015
H1 – M5 Multi Time Frame Stochastic Binary Options Strategy
While trading binary options on the smaller time frame like 60-Second or 5 minute, traders often forget that the price in the global foreign exchange market fluctuates in waves. A… more
USD/CAD Looks Bullish as Federal Reserve Delayed Rate Hike
Since forming a bullish pin bar on June 18, the USD/CAD price climbed up around 900 pips over the last six weeks. However, as the pair was rejected around the… more
AUD/JPY Appears Bullish as Japanese Retail Sales Growth Slows Down
Yesterday, the Japanese retail sales figure was released by the Japan’s Ministry of Economy, Trade and Industry, which showed that it grew by 0.9% against a forecast of 0.8%. As… more
Pressure on Swiss Franc Eased amid Greece Bailout Deal
As the Greek bailout issue created uncertainty over the Euro, the demand for the safe haven currency, Swiss Franc, in Europe was up. As a result, the CHF appreciated around… more
GBP/CAD Bullishness May Continue amid Strong GDP forecast in the UK
Although the GBP/CAD has remained in a strong uptrend since April 17, it formed a bearish pin bar on July 17 and appeared to start a retracement. However, the bearish… more
GBP/USD Turns Bearish amid Better Than Expected US Unemployment Claims Figure
This week, the GBP/USD has remained range bound within the narrow price range between the 1.5450 and the 1.5675 levels. Interestingly, the GBP/USD price tried to penetrate above the 1.5675… more
Using Fractals and Moving Average in Binary Options
Fractals are the primary tool used in Bill Williams chaos trading strategy. When Bill developed his Chaos trading method, binary options were not even invented. However, we can still use… more
AUD/CAD Remains Range Bound Prior to Release of Canadian Core Retail Sales Data
Earlier this week, on Monday, Statistics Canada released the month-over-month wholesale sales figure, which came decreased by 1% compared to a positive 0.1% forecast. Then, on Tuesday, the Australian Bureau… more
EURNZD Likely Resume Uptrend as RBNZ is Expected to Cut Key Interest Rate This Week
The EURNZD has remained in a strong uptrend since forming a bullish pin bar on April 21, and formed a distinct uptrend line over the past few months. However, last… more
