Greenback drops to 1.3235 region after Canadian Net change in employment rose tremendously. Canadian Net change in employment in January rose upto 66.8K versus 8K consensus. The unemployment rate increased 0.2% points to 5.8% as more people looked for work. In January, the number of employees increased by 112,000 in…

Bulls are taking control over the past few days after it turned north-side in the channel support. Unemployment rate for the month of January is expected to release later today with consensus 5.7% .If the rate is up, it indicates a lack of expansion within the Canadian labor market. Bulls…

BTC price failed to move above the $3,500 and $3,520 resistance, resulting in a sharp drop, There were more than five attempts by bitcoin price to clear the $3,500 and $3,520 resistance levels. Therefore, as long as bitcoin price is trading below the $3,475, $3,500 and $3,520 resistance levels, it…

GBPUSD continues is bearish rally for the 6th consecutive day by breaking the Upper Long term trend line. Though GBPUSD had hardly 10-15 pips movement in today's Asian Session, the bears managed to break the consolidation and move further south, targeting to pass through 1.2900 barrier. The BoE decision is…

WTI/USD support-turned-resistance line, at $53.90, can drag the WTI to the $52.70 and then to the $52.00 rest-points. During the quote’s additional downside under $52.00, the $51.00 and the $50.30 may offer intermediate halts prior to highlighting $50.00 round-figure as a support.On the upside, sustained break of $54.00 becomes prerequisite…

USD/CAD pair is currently heading for a bullish reversal after it hit 1.3060 region last week Friday. Bears tried to take control over the unbroken strong channel, but failed to do so. The bulls will continue its trend till 1.34 and above. People who are into the Bears have to…

USD JPY holding its position in a strong barrier at 109.500-110.00 after a long uptrend for the past few days. Omkar Godbole, Analyst and Editor at FXStreet writes: “A break above 110.00 would confirm a flag breakout and open the doors to 111.66 . And also he added, “Technically speaking,…

Now it seems tilted in favor of bearish traders and follow-through selling below 50-day SMA will reinforce the negative outlook, turning the pair vulnerable to aim towards testing sub-1.1300 level with some intermediate support near the 1.1380-55 area. On the flip side, attempted recovery moves might now confront some fresh…

GBPUSD extends its fall after heading to strong resistance at 1.3170 region.The UK Markit Service PMI January drops below the consensus at 50.01. Technically the GBP/USD is moving within a corrective trend after breaking the downward sloping long-term trend on the upside. The continuous correction saw GBPUSD struggling around 1.3000…

EUR Bulls are losing their strength at a strong support region at 125.400. Holding in Strong Fibonacci level and a broken descending triangle support on a Daily chart, EUR bears are expected to take control for further downside movement for this year 2019. Either way, Bulls can continue their trend…