USD/CAD: bulls are in control

USD/CAD: bulls are in control


BUY 1.3065 SL 1.301 TP1 1.3165 TP2 1.3265 TP3 1.33

On the daily chart, USD/CAD almost reached convergence area of 1.3275-1.33 (200% and 127.2% targets of junior and senior AB=CD). When they reach this area, the risks of a pullback will increase. Until that moment, any corrections may be used for buying as bulls are in control.


On H1, a pullback of USD/CAD to support at 1.3050-1.3065 will the following bounce may be used for buying.



USD/ZAR met resistance

USD/ZAR recoiled down from the resistance line connecting October highs and slipped under the daily moving averages.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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