2019 T1 W3

Fundamental Analysis FARM PAYROLL What is the Nonfarm Payroll? Reported on the first Friday of each month, Nonfarm Payroll refers to any job excluding farm work, government agencies, non-profit organisations and self-employment in the US. The most important statistic reported from the Nonfarm Payroll is the number of additional jobs added from the previous month, which … Read more

2019 T1 W2

Technical Analysis USD/CAD Looking at the weekly chart (Figure 2), USD/CAD continues to respect the channel support and resistance lines. We also have a bullish engulfing candlestick pattern after the week’s close, and the Stochastic seems to be forming a bullish crossover. The MACD still remains in bullish territory and if the market continues to … Read more

2019 T1 W1

Technical Analysis USD/CHF After attempting to reach the 1.0110 major resistance, the pair suffered a strong selling pressure and posed a bearish engulfing on February 14th and a Gravestone Doji the day after, meanwhile, RSI and Stoch were both showing bearish divergence. The closing price below the up trendline on February 18thwas believed to serve as … Read more