Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
Stock market: Pfizer has problems
Trade ideas
SELL 41.20; TP1 40.70; TP2 40.35; SL 41.35
Pfizer continues the downtrend since the end of the last year. Last week the stock experienced a heavy selloff. This week it tried to recover but met the resistance of the 200-day MA at 42.00.
A double top pattern with the neckline in the 41.50 area can be seen on H1. It allows bears to pull the price to 40.70 and even 40.35 (March low). The longer-term target lies around 39.30 (January low). Only the advance above 42.00 will give bulls a chance to push the price to 42.85 (100-day MA).
Elizabeth Belugina
Similar
NZD/USD: is the correction over?
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.
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Latest news
GBP: expect turbulence in June
The British pound entered summer higher against USD and EUR. What’s the reason?
USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
GOLD: establishing a higher base?
Since last Wednesday, the gold price has been rising. Will it finally get to establish a new baseline level?
Deposit with your local payment systems
