USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
2019-11-11 • Updated
BUY 5.3750; TP 5.41; SL 5.3580
SELL 5.3040; TP 5.2345; SL 5.33
USD/TRY has moved sharply down this week falling to the support line since the end of November. Consolidation is now taking place between the 100- and 200-day MA on H4. On D1, the pair’s around 50-day MA at 5.3280. It’s possible to set pending orders counting on a decent move of the price after it leaves the current range.
USD/JPY formed a higher low at the end of last week.
EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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