USDCAD – US Dollar Remains At Risk Of Breakdown

USDCAD 02.24.2017
Key Highlights The US Dollar failed once again near the 1.3200 resistance area against the Canadian dollar and moved down. There USDCAD pair likely made a double top pattern near 1.3200 on the 4-hours chart, signaling a downside move. The recent release of the US Initial Jobless Claims by the US Department of Labor posted an increase from the last revised reading of ...
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GBPJPY – British Pound Under Renewed Selling Pressure Vs Yen

GBPJPY Technical Analysis
Key Highlights The British Pound after trading close to 142.00 against the Japanese yen found sellers. There GBPJPY pair failed to break a bearish trend line with resistance at 142.00 on the 4-hours chart. The Q4 2016 Gross Domestic Product preliminary release in the UK by the National Statistics was disappointing, as there was an increase of 2% (YoY), less than the ...
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AUDUSD – Aussie Dollar At Risk of Further Downsides?

AUDUSD Technical Analysis
Key Highlights The Aussie dollar recently broke a major support at 0.7680 against the US Dollar. There was a bullish trend line break at 0.7685 on the 4-hours chart of AUDUSD, which has opened the doors for more declines. In Australia, the Wage Price Index (Q4 2016) released by the Australian Bureau of Statistics, posted an increase of 0.5%, compared with the +0.5% f...
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USDJPY – Dollar To Yen Preparing For Another Decline

USDJPY 02.21.2017
Key Highlights The US Dollar after a rejection just below 115.00 against the Japanese yen moved down sharply. A monster bearish trend line on the 4-hours chart of USDJPY protected further gains near 114.95. Today, the Japanese Nikkei Manufacturing PMI preliminary reading for Feb 2017 was released, which came in at 53.5 vs the 52.1 forecast. Today, the US Manufactu...
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EURUSD – Correction Likely Over In Euro To Dollar

EURUSD 02.20.2017
Key Highlights The Euro after a downside move towards 1.0520 against the US Dollar started correcting higher. The EURUSD pair broke a bearish trend line (4-hours chart) on the way up and traded as high as 1.0675. Today in the Euro Zone, the German Producer Price Index will be released for Jan 2017 by the Statistisches Bundesamt Deutschland, and the forecast is lined ...
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Conquer your forex trades with an effective entrepreneurial mindset

Technology in the hands of businessmen
Finding success in forex trading is similar to becoming a successful entrepreneur. When starting out, you will need self-discipline, extensive knowledge and an effective entrepreneurial mindset. Much like starting business, forex trading requires you to risk personal capital. To overcome expected challenges, having an entrepreneurial mindset can inspire action and solution. Ins...
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NZDUSD – New Zealand Dollar May Attempt To Reclaim 0.7250

NZDUSD 02.17.2017
Key Highlights The New Zealand dollar after dropping towards 0.7130 against the US dollar found support. The NZDUSD pair consolidated for some time before breaking a channel resistance at 0.7185 on the 4-hours chart. Today in New Zealand, the Retail Sales figure for Q4 2016 released by the Statistics New Zealand posted an increase of 0.8%, compared with the 1.1% fore...
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EURJPY – Euro Facing Uphill Task Vs Japanese Yen

EURJPY Technical Analysis Euro Yen
Key Highlights The Euro recently bounced from the 120.20 low against the US Dollar, but found resistance near 121.10-20. There was a break above two bearish trend lines at 120.60 on the 4-hours chart of EURJPY. Today in Australia, the Employment Change released by the Australian Bureau of Statistics for Jan 2017 came in at 13.5K, compared with the forecast of 10K. ...
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Change of Trading Hours on US Presidents’ Day

Due to US Presidents' Day, Monday 20th February, there will be changes to market hours for some instruments. Please see the table below for revised market hours. Titan FX will continue to provide 24 hour support throughout this holiday. Currency Market Hours will not be impacted by this holiday. [table id=110 /] Unless indicated above, the markets will be open as usu...
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AUDJPY – Aussie Dollar Forming Double Top Vs Yen?

AUDJPY 02.15.2017
Key Highlights The Aussie dollar traded higher this week against the Japanese yen, but faces resistance near 87.50-70. The AUDJPY pair is likely forming a double top near 87.50, but there is a chance of a break higher as well. Today, the Australian Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute posted an increase fro...
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