EURUSD: After breaking out from the consolidation area, EURUSD is currently showing retracement from the downtrend. The support zone for the consolidation (1.1545 - 1.1555) happens to show confluence with the 50% Fibonacci Retracement levels of the current wave and this area would be a good area to watch. Legend: Monthly Levels: Represented in Red … Continue reading Technicals for EURUSD
USDCAD: As of Friday's close, USDCAD showed strong bullish price action after testing the previous structure (~1.3), where it also saw strong bullish price action in the past. It is highly possible that the bullish price action will continue for the next week. 3 prices point that might potentially see some sellers coming in, 2 … Continue reading Resuming the uptrend for USDCAD?
EURJPY: As of Friday's close (27/7/2018), EURJPY has traded back to the previous high of the previous wave and this previous high happens to show confluence with the 50% Fibonacci Retracement levels. It could be possible for the pair to trade higher from this area, however, the lower timeframe hasn't shown much bullish strength and … Continue reading More Upside for EURJPY?
The 7th China Forex Expo, held from May 18-19 in Great China International Square, was a huge success with over 7,000 visitors attending and 102 thousand clicks on the live streaming platform. This time, they also added this year’s hottest trend ‘blockchain’ into the exhibition as well as conference. The clashes of western fintech and … Continue reading Celebrating the Success of The 7th China Forex Expo