GBP/CAD met the resistance of the 50-month MA in the 1.7765 area.
Tag - cad
What key releases will move the markets this week?
AUD/CAD, EUR/CAD, and GBP/CHF are on the arena.
Hottest events for this week!
The day promises to be quite interesting for USD/CAD. The market awaits the news about the trade talks between the United States and China.
The trade balance for Canada will be released on May 9, at 15:30 MT time.
The last bearish 'Shooting Star' and 'Harami' haven't been confirmed and there's no any reversal pattern so far...
Trade ideas for May 7
What will happen to markets this week
The week started badly for the market sentiment. Find out why!
Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here.
There's no any bearish pattern so far. In this case, we should watch the nearest resistance at 1.3559 as a potential target...