USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Stock market: Apple's stock may correct
SELL 210; TP 206; SL 211.50
Apple Inc. released Q1 earnings report this week. The stock rose to the highest level since October above $215. Then, however, it met the resistance of the 78.6% Fibo retracement of the 2018 decline and formed a “shooting star” candlestick on D1. As a result, it might be time to remember that Apple’s earnings and revenue declined in the first 3 months of the year, although not as much as analysts expected. Still, the various challenges ahead allow us to expect a correction to the downside.
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Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
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