Sell USD/CAD on recoveries

Sell USD/CAD on recoveries

Recommendation:

SELL 1.3015 SL 1.3080 TP1 1.2915 TP2 1.2730 TP3 1.2675

SELL 1.3055 SL 1.3110 TP1 1.2955 TP2 1.2880 TP3 1.2730

On the daily chart, USD/CAD triggered a “Broadening wedge” pattern. Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.

USDCAD D1.png 

On H1, USD/CAD triggered a “Broadening wedge”. Bears keep dominating at the market. Use pullbacks to 1.2865, 1.3015, and 1.3055 for selling.

USDCAD h1.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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