USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
USD/MXN has reached the key area
Trade ideas
SELL 20.10; TP 20.00; SL 20.13
BUY 20.30; TP 20.50; SL 20.25
USD/MXN had a very bullish August. The pair is currently testing the resistance line connecting the highs of 2017 and 2018 at 20.12. This is, of course, a very significant obstacle. Even though the USD is currently trading above this line, only a higher daily close will confirm a breakout. As a result, the return below 20.12 will open the way for a correction towards 20.00. Bullish trades will be less risky above 20.30. The target, in this case, will lie at 20.50.
Elizabeth Belugina
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Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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