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 betting on the triangle
2019-11-11 • Updated
Recommendations:
BUY 0.7565 SL 0.751 TP1 0.7665 TP2 0.7775
SELL 0.745 SL 0.7505 TP1 0.737 TP2 0.735
On the daily chart of AUD/USD, there is a consolidation within the bearish trend. A break of upper boundaries of the ascending triangle and the downward channel will implement the “Shark” pattern with the 88.6% target.
On H1, the AUD/USD is moving within the 0.745-0.7565 channel. A successful break of its upper boundary will let bulls to move upwards, a break of the bottom line will pull the pair to the 127.2% target of the “Perfect butterfly” pattern.
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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...