ONLINE FOREX BROKER
2019-11-11 • Updated
On the USD/CAD daily chart, after the implementation of the intermediate target in the "Crab" inverted pattern, there was a trend reversal. A downward trading channel was formed. If the "bear" manage to push prices below the important level of 1.3306 (38.2% of the last descending long-term wave), there is a risk of further dip towards 1.31.
On the USD/CAD hourly chart, the quotes approached the lower border of the upward trading channel. If it is broken and the support at 1.329 is tested it will allow the "bears" to count on the implementation of the 200% target in the A = CD pattern (1,317).
The previous year 2022, was undoubtedly tumultuous for the stock markets, with several stocks plummeting across multiple industries. Analysts have blamed the hard times on inflation, hawkish federal reserve policies, an impending global recession, and the ongoing crisis in Ukraine. This year, however, we're beginning to see some recovery in the stock markets. This article will find a few stocks worth buying this year.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
The European Central Bank (ECB) raised its interest rates by 0.5% to 3%, as planned, to combat inflation, despite some investors'...
Oil prices fell to a three-month low following the release of US inflation data which was in line with expectations. The annual inflation rate of 6%...
Since the fateful events of March 10th, 2023, I mean the SVB and Signature Bank crash, there has been a lot of attention on the US economy and the Dollar from the international community.
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