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.
USD/CAD reversed from support zone
2019-11-11 • Updated
- USD/CAD reversed from support zone
- Next buy target - 1.3400
USD/CAD continues to rise inside the minor impulse wave 3 – which started earlier from the support zone lying between the key support level 1.3320 (which reversed the pair with the daily Japanese candlestick reversal pattern Evening Star Doji in January) and the 38.2% Fibonacci retracement of the previous sharp upward impulse 1 from last January.
USD/CAD is expected to rise in the active minor impulse wave 3 (which belongs to the intermediate impulse (3) from January) toward the next buy target at the resistance level 1.3400.
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