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AUDUSD is testing 200 SMA!

The Australian dollar was aggressively pushed lower after the disappointing inflation data. The Australian Bureau of Statistics reported that the country’s consumer inflation increased at a slower pace of 0.6% in the Q3, dropping expectations for a 0.8% expansion. The pair is currently testing the 200 SMA on the daily TF. This can be crucial […]

NZDCAD Daily Trading Plan

This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) and […]

Spain kept its investment-grade credit rating….

Good Morning ,   – The euro strengthened to a one-month high against the dollar after Spain kept its investment-grade credit rating from Moody’s Investors Service before European leaders gather tomorrow for a two-day summit in Brussels. –  Moody’s said yesterday it kept Spain’s credit rating at Baa3, one step above junk, as the risk […]