edlivre's Blog
Canadian Dollar Surges on Upbeat BoC Statement, China Xi Urges Peaceful Handling of North Korea
Canadian Dollar surges sharply on upbeat Bank of Canada statement. BoC left overnight rate target unchanged at 0.50% as widely expected. The central bank noted in the accompany statement that "recent data indicate that economic growth has been faster than was expected in the January MPR". Growth for 2017 through 2019 is expected to "remain above potential". Real GDP growth is projected to 2.5% in 2017, revised up from January projection of 2.1%. Inflation, however, is expected to dip in the mont…
USD/CAD
USD/CAD - 1.3288
Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700
Trend: Near term up
Although the greenback has fallen again today and test of previous support at 1.3264 is likely, loss of near term downward momentum should prevent sharp fall how 1.3235-40 (61.8% Fibonacci retracement of 1.3056-1.3535) and reckon 1.3200 would hold on first testing, risk from there has increased for a rebound to take place soon.
In view of t…
Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700
Trend: Near term up
Although the greenback has fallen again today and test of previous support at 1.3264 is likely, loss of near term downward momentum should prevent sharp fall how 1.3235-40 (61.8% Fibonacci retracement of 1.3056-1.3535) and reckon 1.3200 would hold on first testing, risk from there has increased for a rebound to take place soon.
In view of t…
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Quantitative Strategist
- We looked through 43 million trades in our original Traits of Successful Trader Series
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USD/CHF
New strategy :
Hold long entered at 0.9600, Target: 0.9700, Stop: 0.9545
Position : - Long at 0.9600
Target : - 0.9700
Stop : - 0.9545
Failure to extend intra-day rebound and current retreat suggest further consolidation would be seen, however, as long as last week's low at 0.9572 holds, mild upside bias remains for another bounce, above resistance at 0.9643 would signal the retreat from 0.9687 has ended, bring another test of this level, break there would provide confirmation that a temporary l…
Hold long entered at 0.9600, Target: 0.9700, Stop: 0.9545
Position : - Long at 0.9600
Target : - 0.9700
Stop : - 0.9545
Failure to extend intra-day rebound and current retreat suggest further consolidation would be seen, however, as long as last week's low at 0.9572 holds, mild upside bias remains for another bounce, above resistance at 0.9643 would signal the retreat from 0.9687 has ended, bring another test of this level, break there would provide confirmation that a temporary l…
Markets Steady as Fed Chair Yellen Watched
Markets are relatively steady today as traders and investors await Fed chair Janet Yellen's testimony before Senate Banking Committee. Markets are also having another eye on news regarding the Brexit referendum on June 23. A YouGov poll for the Times newspaper showed 44% support "leave" and 42% support "remain. Another poll by ORB for the Daily Telegraph showed 53% support "remain" and 46% support "leave". Overall, the strong rally in pound and stocks this week suggests that the markets believe …
Forex Market Dream
I met the forex market for 10 years and I won some championships, and I never met a job as difficult as the forex market.
It is very difficult to maintain long-term because beyond the fight against market we fight against our anxietyand discipline, but if you have a dream never give up.
The most important is when you get successful, help people to share.
Respect all white and black, rich or poor.
Sorry my English and I wish much peace, joy and health for all.
It is very difficult to maintain long-term because beyond the fight against market we fight against our anxietyand discipline, but if you have a dream never give up.
The most important is when you get successful, help people to share.
Respect all white and black, rich or poor.
Sorry my English and I wish much peace, joy and health for all.