Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/CAD broke strong resistance level 1.6970
2019-11-11 • Updated
- GBP/CAD broke strong resistance level 1.6970
- Next buy target - 1.7200
GBP/CAD today broke sharply above the strong resistance level 1.6970 (which reversed the previous minor correction 4 in June and also at the start of October, as can be seen from the daily GBP/CAD below). The breakout of the resistance level 1.6970 should accelerate the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3). GBP/CAD is expected to rise to the next buy target at the next resistance level 1.7200.
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USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone