Friday 29 June 2018

EUR/CAD Will Likely Continue Falling



EUR/CAD briefly moved to the upside today after several days of gradually moving to the downside and bouncing off from the support at 1.5315, but the pair quickly encountered a resistance at 1.5455 and bounced off from it as well. What is more, in the process of doing so the pair formed a hanging man candlestick and a shooting star candlestick, both on the four-hour time-frame, which is a very good signal for a further move to the downside. Currently the pair is testing the support at 1.5315 once again and considering the aforementioned signal it is more likely to break out below that level than to form a double bottom.
If it does break out below that support next target will probably be at 1.5120, which is the last low.

Thursday 28 June 2018

ActivTrades Markets: Shares Trading


Trading shares is a great way to expand one’s portfolio and the competitive online broker ActivTrades invites you to take advantage of the numerous favorable trading conditions they offer:


  • Access to global stock exchanges like the New York, Paris, Milan, London and Frankfurt ones to trade the over 450 company shares ActivTrades offers.

  • Through the ActivTrades share CFDs traders can invest in bullish and bearish markets with minimum cost.

  • Mobile trading is available.

  • There are no mark ups and no hidden fees.

  • And last but not least, you can trade share CFDs in demo or on a live account, you can use Expert Advisors to automate your strategies and try a large set of pre-installed indicators and charts on the MetaTrader 5 platform.




Wednesday 27 June 2018

NZD/CAD Is Still Very Bearish




NZD/CAD did continue falling and broke out below the support at 0.9090 indeed. The pair is still very bearish today and it is very likely to reach the support at 0.9000. The question is, of course, whether there will be a breakout below that level too. If there is one NZD/CAD could continue moving to the downside towards 0.8885, and a breakout below that level could lead to a further move to the downside towards the last low it formed well over well over a month ago at 0.8785, and which can be seen on the weekly time-frame. On the other hand, if the pair bounces off from 0.9000 then it will likely start moving to the upside towards 0.9090 again.