A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar. On the H1 chart of USDCAD, the 1.3230 mark was reached forming the local support level. With the RSI crossing the 30%, the traders have a good chance to open longs as the market is likely to get a bullish push. The resistance levels to be met in this direction may be placed at 1.3250, 1.3260 and 1.3266. A scenario of the market reversal downwards would have the second support level at 1.3214 on its way.
The name of which company comes to your mind when you hear the words “controversial” and “successful” at the same time?
What will happen to the emerging markets in 2020.
An observation of the historical performance of Alcoa stock price and the possible future perspectives.