Online Forex broker
2019-11-11 • Updated
Recommendation:
BUY 1.3050 SL 1.2995 TP1 1.3150 TP2 1.3250 TP3 1.3315
SELL 1.2750 SL 1.2805 TP1 1.2650 TP2 1.2590 TP3 1.2440
On the daily chart, USD/CAD bulls are trying to lead the pair out of a triangle and continue north to 127.2% and 200% targets of the senior and junior AB=CD patterns. The necessary condition for an uptrend resumption is a confident break of resistance at 1.3050.
On H1 of USD/CAD, there are conditions for the formation of a reversal pattern “Broadening wedge”. To make it happen, bears need to pull the pair below support at 1.2750.
Last week, EURUSD broke below a significant support level, the gas price retested its October high, and the oil prices managed to correct lower on the bearish signs of more oil supplies coming into the market.
USD/CAD is at its lowest level since July. What was the reason?
We have outlooked several promising Forex pairs and the result can surprise you!
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).
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