Chart of the Day: EUR/CAD Rallies to 2 Year Highs

EUR/CAD rallied to fresh 2 year highs on Wednesday, reaching the highest levels since January of 2016 ahead of the Bank of Canada (BOC) interest rate statement. The BOC has hiked interest rates three times since July but is expected to keep its benchmark interest rate on hold at 1.25 per cent on Wednesday. Momentum … Read more

Using Market Internals to Improve Your Trading

By Tim Racette The Market Internals are similar to the instrument cluster on your car, without them you really don’t know which direction you are headed or how fast you’re moving. There are four indicators that make up the core market internals: – Breadth Ratio – Advance/Decline Line – Trin – Tick Each indicator has … Read more

Chart of the Day: NZD/USD

NZD/USD traded to it’s highest levels since March 2nd on Wednesday and formed a textbook (bearish) shooting star candlestick pattern.