GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
XAU/USD: gold can continue the rally
Recommendation:
BUY 1222
SL 1207
TP1 1.252 TP2 1263 TP3 1287
On the daily chart of XAU/USD, bears managed to pull the pair into consolidation. To continue the rally to the 161.8% target of the “Crab” pattern, gold needs to break the October high.
On H1, bears resume the pair within the 1218-1230 consolidation and hope for the implementation of the “Shakeout-Fakeout” pattern. At the same time, bulls hope for the rebound of the pair from the 88.6% target of the “Shark” pattern.
Ivan Karamazov
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EUR/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
EUR/CAD is ready for a move
EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.
Latest news
GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
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