Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Apple’s stock is at risk
Trade idea
SELL 203.80; TP1 200.00; TP2 197.50; TP3 191.50; SL 205.00
The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line. This is a big bearish technical development. In addition, bear in mind that Apple is extremely vulnerable to the increasing trade tensions between the United States and China. As a result, this week the stock’s price will likely stay under the negative pressure. Our targets are at 200.00 (psychological level), 197.35 (50-, 100-day MAs )and finally 191.50 (50-week MA). Resistance is at 208.00 and 215.00.
Elizabeth Belugina
Similar
NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Latest news
Top 4 promising stocks by Morgan Stanley
Despite the uncertainties, MS sees some stocks continue beating their records. Check them out!
GBP: expect turbulence in June
The British pound entered summer higher against USD and EUR. What’s the reason?
USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
Deposit with your local payment systems
