We have outlooked several promising Forex pairs and the result can surprise you!
GBP/CAD: how to bet against the pound
Information is not investment advice
GBP/CAD has been trying to break above the 200-week MA at 1.7735 for 4 weeks. However, for now, the resistance stands, not letting the pair get higher. The pound obviously needs some really cheering news about Brexit to jerk up. We can see that there are a lot of sellers between 1.7750 and 1.78. A break above the latter level is needed to confirm a break and open the way to 1.80 and higher. In the meantime, the pair that lacks the bullish momentum may revisit support levels. A break below the 100-period MA on H4 at 1.7625 will target 1.7535 or even 1.7445 (200-period MA on H4).
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus