The Australia Dollar fell to its lowest level against the US dollar since December of 2017 in early trading on Monday. The recent move represents the largest drop in the Australian dollar since Brexit news forced it lower in mid-2016.
USD/CAD Daily Chart USD/CAD soared in Friday trading to its highest levels since June of 2017, holding above the key 1.30 psychological level. Looking at the daily chart above we can see that price is contained within an ascending triangle. The bulls are currently in charge on this time frame, with price trading above both […]
Bitcoin Daily Chart Bitcoin hasn’t had a day in which price closed higher since March 5th. On Thursday price is trading below the ‘line in the sand’ 200 period simple moving average on the daily chart, adding to the bearish technical scenario for the cryptocurrency. Bitcoin is now trading at the lowest level in over […]
AUD/CAD Daily Chart AUD/CAD reached fresh multi-month highs in early trading on Wednesday, reaching the highest levels since April of 2017. A Golden Cross pattern (bullish crossover of the 50 and 200 period simple moving averages) formed in late February, ushering in a sharp up move in price. The recent uptrend began in December of […]