
What will happen? This week several important macroeconomic reports will be presented…
2019-11-11 • Updated
Recommendations:
hold shorts (SELL 1,365 SL 1,3705 TP1 1,3525 TP2 1,337),
BUY 1,3435 SL 1,338 TP 1,365.
On the USD/CAD daily chart, "Wolf Waves" pattern is in the process of realization. The main scenario is to develop correction towards 50% or 61.8% levels of the CD wave with a subsequent rebound. To continue the downward movement bears need to test the support at 1.3435.
On the USD/CAD hourly chart, the breakout of support at 1.365 increased the risks for implementation of 161.8% target in the Crab pattern. It corresponds to the lower border of the upward trading channel.
What will happen? This week several important macroeconomic reports will be presented…
China may respond to US House Speaker Nancy Pelosi's visit to Taiwan with military provocations, including firing missiles near Taiwan or large-scale air or naval activities…
Last week was shocking! The US dollar lost more than 1% against other currencies after the 75-basis-point rate hike by the Federal Reserve on Wednesday…
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?
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