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...
EUR/USD: a possible rise for the euro
2019-11-11 • Updated
Recommendation:
BUY 1.1455
SL 1.14
TP1 1.1555 TP2 1.1645 TP2 1.168
On a daily chart of EUR/USD, the pair managed to break the support at 1.1430, which activated “Shark” and AB=CD patterns. The price is close to the convergence between 1.1180 (the 61.8% level on the long-term uptrend) and 1.1215 (the 200% target of the AB=CD pattern). This situation makes it possible for the pair to break the support at 1.13.
On H1, the price has almost reached the 88.6% target of the “Shark” pattern. This situation intensifies risks of the reversal. If the pair crosses the resistances at 1.1455 and 1.15, it will activate the “Wolfe Waves” 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...