What will happen? This week several important macroeconomic reports will be presented…
USD/CAD: the loonie rebounded from the bottom
2019-11-11 • Updated
SELL 1.3155 SL 1.321 TP1 1.3055 TP2 1.3025 TP3 1.3
On the daily chart of USD/CAD, the targets of "Shark" (88.6%) and "Wolfe Waves" patterns were implemented. After that, there was a logical reversal as a part of the "Shark" pattern's transformation into 5-0. The further direction of the pair depends on the bulls' ability to hold the supports at 38.2%, 50% and 61.8% from the CD wave.
On H1, bears managed to move the pair out of the upward channel. It activated the "Shark" pattern and showed the strength of bears.
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…
The bad news is that the US economy slowed for the second consecutive quarter in 2022, entering a technical recession.
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?