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CADJPY is heading to 61.8%! Can it hold;

CADJPY is still in correction mode after reaching 89.80 area. The pair is currently heading to a major 61.8% Fibonacci retracement level. In addition, there is a decent price structure on the left, which can provide an extra support. This means that traders may have an intraday buying opportunity near this zone as noted on […]

GBPCHF 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 a confluence between this and your own strategy, then you may have even better trading setups. On the chart, two levels indicate the BUY (green) […]

Dollar up, as prospects of higher U.S. rates return on focus again…

– The dollar strengthened against the yen and euro on Tuesday after Greece finally agreed to a debt deal with its creditors, allowing market focus to shift back towards U.S. and European yield differentials. – With the Greek debt saga off center stage, the spotlight returned to when the Fed will begin hiking interest rates. […]