During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
NZD/USD: bulls stabilize the trend
2019-11-11 • Updated
Recommendation:
BUY 0.6895 SL 0.684 TP1 0.6995 TP2 0.705 TP3 0.7085
On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern. The successful break of the diagonal support near 0.6855 will make the kiwi fall towards the 0.6690-0.67 levels.
On H1, the pair needs to test the resistance at 0.6895 to stabilize the upward trend. If bulls manage to do it, there will be a chance to reach the 161.8% and 261.8% targets of the junior and senior AB=CD patterns.
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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...