USD/CAD Trend: Is 1.4247 a Trap?
USD/CAD climbed to 1.4247 last week before retreating. Traders now face a binary choice: is this a dead cat bounce or the restart of a major trend?
USD/CAD climbed to 1.4247 last week before retreating. Traders now face a binary choice: is this a dead cat bounce or the restart of a major trend?
USDCHF faces a corrective move after RSI dropped from 74 to 44. I analyze why price is stuck between key moving averages.
EUR/GBP sits pinned at the 38.2% retracement level of 0.8618. This is the line in the sand. Hold it, and the bounce from 0.8221 remains alive.