USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Stock market: eBay met resistance
SELL 37.00; TP1 36.50; TP2 35.80; SL 37.20
The stock price of eBay Inc. formed a “Shooting star” pattern on W1. Notice that last week the stock tested 61.8% Fibo retracement of the 2018 decline (39.00). A correction to the downside is very likely now. The natural downside targets for the downside lie at 36.50 (50% Fibo) and 55.80 (100-week MA).
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.
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There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?