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: the aussie hunts the Shark
2019-11-11 • Updated
Recommendations:
BUY 0.7435 SL 0.738 TP1 0.7535 TP2 0.7635
SELL 0.733 SL 0.7395 TP1 0.7265 TP2 0.723
On the daily chart of AUD/USD, bulls are trying to counterattack and implement the “Shark” pattern with 88,6% target. To do that, they need to break the resistance at 0.745 and pull the pair out of the downward channel. Conversely, if the pair breaks the June low, risks of an AB=CD pattern’s implementation will increase.
On H1, the 0.733-0.7435 consolidation is forming. An exit from the consolidation will determine the further direction of the pair.
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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...