Breakout of the bear flag on the houly time-frame and potential for the further intraday drop.
All ideas on FXC and FXC TV are created and recommended with the intentions of help and education, but not guarantee the future success. Please be aware of your account risk management and leverage trading knowledge. For more information, ask us on chat or with your FXC account manager.
Recommended Content
Editors’ Picks
EUR/USD retargets 1.0900 on poor NFP
The selling bias in the Greenback gathers extra pace on Friday after the US economy created fewer jobs than initially estimated in July, lifting EUR/USD to the area of fresh peaks near 1.0870.
GBP/USD approaches 1.2800 after discouraging US Payrolls
The continuation of the downward pressure in the US Dollar motivates GBP/USD to extend its recent advance and trade at shouting distance from 1.2800 the figure in the wake of the release of a firm US NFP.
Gold flirts with $2,480 after the weak NFP
Gold prices intensifies their bullish stance for the day, rising to the vicinity of the $2,475 region following the publication of the US labour market report for the month of July.
Bitcoin bounces off from the ascending trendline
Bitcoin and Ethereum have retested their key support levels, with a break below these levels potentially signaling a bearish trend ahead. At the same time, Ripple shows resilience and could rally in the coming days after testing its key support level.
Week ahead – RBA and BoJ summary of opinions take center stage
RBA decides on policy as hike bets disappear. BoJ Summary of Opinions awaited for more hike hints. After Fed, Dollar turns to ISM non-manufacturing PMI. New Zealand and Canada jobs data also on tap.