Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
USD/CAD: the CAD has chances
2019-11-11 • Updated
TP1 1.305 TP2 1.3025 TP3 1.2965
On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened. To keep controlling the pair, bulls need to keep it above 1.308.
On H1, there is a transformation of the "Shark" pattern to 5-0. A risk of the correction to 23.6%, 38.2%, and 50% from the CD wave is high. At first, bears need to break the support at 1.315.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
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