USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
AUD/USD returned down
Trade idea
SELL 0.6860; TP1 0.6830; T2 0.6770; SL 0.6885
AUD/USD has been falling since the start of 2018. On W1, the pair formed a “Falling three method” candlestick pattern. Usually, it points at the continuation of the downtrend. The Awesome Oscillator both on W1 and D1 is bearish. The weekly pivot point is located at 0.6911: as long as the pair is trading below this level, the odds are that it will test lower levels.
Elizabeth Belugina
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XAU/USD: a short-term trade
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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