USD/CAD testing 200 Hour Moving Average and above this, the Fibonacci 50% level from the long term Weekly chart is looming near 1.1070. Watch for.
Forex News and Commentary by FXDD - http://forex.fxdd.com/
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USD/CAD testing 200 Hour Moving Average and above this, the Fibonacci 50% level from the long term Weekly chart is looming near 1.1070. Watch for.
Forex News and Commentary by FXDD - http://forex.fxdd.com/
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In the 1930s, Ralph Nelson Elliott, a corporate accountant by profession, studied price movements in the financial markets and observed that certain patterns repeat themselves. He offered proof of his discovery by making astonishingly accurate stock market forecasts. What appears random and...
Hi everyone. Unfortunately not much new information has entered the market since we last spoke; as a result these volatile but rangy market conditions prevail. For today’s outlook I highlight a few key breakout levels for Cable, Euro and Pound Yen. Simply taking 4 hr and daily charts into account...
What had started out as a very quiet day has turned into a bit of a rout on the JPY crosses. EUR/JPY is trading on its lows at 135.70 and dealers report lots of longs liquidating their positions. It seems there is no major news out to drive this but many see the IMF statement on Euro-zone banks as...
RCOM, part of the Reliance Anil Dhirubhai Ambani group, has posted net profit of Rs 740 crore in the September quarter, compared to Rs 1,531 crore in the year-ago period. The forex loss of Rs 283 crore forced the company, which posted a marginal 1% rise in revenue to Rs 5,703 crore, to post a sharp...