During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
AUD/USD: bulls are acting
2019-11-11 • Updated
Recommendation:
BUY 0.744
SL 0.7385
TP1 0.7505 TP2 0.754 TP3 0.764
On the daily chart of AUD/USD, bulls still hope to implement the “Wolfe waves” pattern. To succeed, they need to pull the pair out of the downward channel, break the correctional high near 0.7485 and implement the “Bat” pattern with the 88.6% target.
On H1, the “Broadening wedge” pattern keeps forming. The break of the resistance at 0.744 will implement the “Shark” pattern with the 113% target. After that, there are risks of the pullback within the 5-0 transformation.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...