EURCAD – Selling Pressure Resumed

EURCAD – Selling Pressure Resumed

EURCAD has been dominated by the post election upside reversal that sent the cross back below the 21 week moving average and, just as importantly, sending the RSI indicator below it’s own moving average. That renewal of negative momentum took EURCAD to 18 month lows in...
Weekly Game Plan 20 Feb 17

Weekly Game Plan 20 Feb 17

Going into this week, remember US & CAD markets will be closed on Monday. There is little meaningful data on the calendar this week and when that’s the case, expect surprizes. USD: FOMC Minutes should be irrelevant given Yellen’s “spoiler” from her testimony last week. The...
How FX Options can Impact Your Trades

How FX Options can Impact Your Trades

Have you ever noticed those strange occurrances when a trade seems to continue pressing against an invisible barrier and just can’t break through?  Most likely your trade is caught in the headwinds of a strong option barrier or a cluster of optionality. AUDUSD 1H Chart illustrating...