Starting of the week with 0.40% drop,CADJPY bears piled up as soon as the pair tested the strong support 83.890. The Canadian Dollar is affected by oil prices because of Canada's energy exports. CADJPY managed to break the trend line in the early sessions and as of now falling below…

The British pound was on the front foot in early European hours on Tuesday, after both of the major parties moved closer to ensuring that a disruptive "no-deal" Brexit is avoided. The pound rose 0.4% to $1.3150 (GBP/USD), after climbing to a session peak of $1.3161, a level last seen…

Starting off the week with the bullish trend, AUDUSD managed to test the major resistance at 0.7180 but failed to break above. Sellers will have a good position with a minimum risk reward ratio to enter into the market to fall till the next support 0.70800. On the other side,…

MPs will be able to have a fresh vote on the Brexit deal by 12 March, Prime Minister Theresa May has said. Speaking as she travelled to an EU-Arab League summit in Egypt, Mrs May ruled out holding another so-called "meaningful vote" this week. But she said "positive" talks with…

After EURUSD gained strength last week breaking above the long term trend line, the pair struggles to make further movement from 19th February, trapped in the consolidation region. The European currency continues to look to developments from the US-China trade talks for near term direction, while the effervescence on the…

The greenback, tracked by the DXY, has resumed the downside at the beginning of the week and is now flirting near 96.40.The defense minister Tobias Ellwood has hinted that Theresa May could be poised to propose an extension to article 50 and confirmed that if she does not, he is…

Trapped in the ascending channel since February 2nd week, AUDUSD managed to break the channel downside breaking till the neighborhood regions of the psychological support 0.71000. The US Dollar held on the defensive in wake of Thursday's soft US economic data, which reaffirmed market expectations that the Fed will hold…

With May not likely to get a Brexit deal vote at the Commons next week, it's going to come down to a vote on whether or not parliament has faith in her to deliver what is needed at the next European Union Summit in March. She's skating on thin ice…

GBPJPY Stalling at 144.500 strong resistance zone. Daily Time Frame: In the early february, GBPJPY Experiencing a long bearish movement after the UK PM Theresa May’s government suffered yet another blow when the British Parliament rejected the revised Brexit deal on Thursday, Pound bounces back forming a new low near…