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!
GBP/USD: Bear’s market is coming
Technical levels: support – 1.3060; resistance – 1.3140.
Trade recommendations:
- Sell — 1.3100; SL — 1.3120; TP1 — 1.3060; TP2 — 1.3010.
Reason: bearish Ichimoku Cloud but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices exited into negative area and ready to continue daily downtrend.
Tatyana Norkina
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GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
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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