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Market Recap – Iran denies accusations

The initial market’s reaction, to yesterday’s breaking news of a fire on two oil tankers at the gulf of Oman, sent oil prices higher. The uptrend was short lived, despite the fact that the US secretary of state, Mike Pompeo, blamed Iran. Tehran denied the accusations. Yesterday’s OPEC report included a downward revision of the […]

EURCAD Daily Trading Plan

We are following a simple, well known technical pattern, named Pivots, in order to find out opportunities in the market. Pivot points are calculated as an average of significant prices from the performance of the market in the prior trading day. The Pivots are often turning points for the direction of price movement in the market. […]

XAUUSD Weekly Technical Outlook

Gold failed to break out the 1160 level and lost most of the gains of the previous week. Traders prefer risking on equities as they bet on the growing expectations on US economic growth as well as on the positive momentum on EU markets at the start of 2017. The weekly technical view remains bearish […]