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Forex Trading Lessons

USDCAD Momentum Continues to Cool Down

GBPUSD bulls seem to have expended all their energy after pushing price action from near 1.1820 to around 1.2540. Now, bulls seem to have retired to catch their breath, and this has opened the floor for some downward retracement. Major Price Levels: Top Levels: 1.2370, 1.2390, and 1.2410 Floor …

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AUDUSD Attempting to Challenge the $0.6750 Price Mark

Three trading sessions ago, price action in the AUDUSD market took a long leg down after testing the 0.6780 price mark. This caused prices to sharply retrace the 0.6706 price mark. However, it appears that buyers are making moves to change the market tone at this point. Major Price Levels: Top …

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Dash 2 Trade (D2T) Sets Sail for Higher Price Levels

D2T’s price has been having some strong oscillatory movement due to the market’s volatility. This market action has widened the price channel, causing it to move within the $0.022 and the $0.027 price zones. There is a possibility for a bullish breakout, as the support level has shifted slightly to …

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