Bollinger bands are a volatility indicator, used by traders to identify areas of support and resistance and areas in which an asset might be experiencing increased or decreased volatility. Bollinger bands are calculated from…
Number of traders net-short has decreased by 14.06% from last week.SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OINZD/USDBULLISH49.31%50.69%-30.07% Daily-18.94% Weekly0.00% Daily-14.06% Weekly-17.49%…
GOLD AND EUR/USD OUTLOOK:Gold prices clear technical resistance and rally above $1,950 following softer-than-expected U.S. inflation dataThe U.S. dollar sinks as interest rate expectations shift in a less hawkish directionMeanwhile,…
Economists expect another slowdown in inflation in the US: the general annual consumer price index CPI from 4.0% to 3.1%, and the base (Core CPI) - up to 5.0% from 5.3% a month earlier. Many economists believe that by the end of…
Looking for another central bank event to trade this week?The BOC decision is coming up while EUR/CAD is closing in on these correction levels.
If any of these support areas marked by the Fibonacci retracement tool hold, the uptrend!--/sse-->!--sse-->…