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GBPUSD – Technical Analysis

GBPUSD – SHORT As shown on the chart below, Daily price action has been consolidated within a flag pattern while holding steady above our key EMA’s and support area. Prior to making its latest highs at $1.30, price was able to break its previous highs at $1.28 with a steady flow of Bullish momentum.  In … Read more GBPUSD – Technical Analysis

US Dollar showing further Bearish pressure against the Loonie

As you can see on the Daily chart, US Dollar has been decreasing in value against the Canadian Dollar.  Daily price has previously made a low at $1.31500 zone.   Most recently Bears were able push and close below the previous low and support zone of $1.31500  confirming the Bearish strength within the Forex pair.  … Read more US Dollar showing further Bearish pressure against the Loonie

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