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...
USD/ZAR is still in a range
2019-11-11 • Updated
Trade idea
SELL 15.05; TP1 14.95; TP2 14.80; SL 15.08
BUY 15.21; TP1 15.27; TP2 15.40; SL 15.18
Pay attention to the currency pair USD/ZAR. It has been consolidating between 15.10 and 15.50 since the start of August. All in all, the pair is in the area of resistance that limited the advance during the last few years. In the recent sessions, the pair has moved closer to breaking to the downside. The Awesome Oscillator on the D1 is falling. Moving Averages made a negative intersection on H4. The decline below 15.05 will open the way down towards 14.80. On the upside, the return above 15.20 is needed to allow the pair to recover to 15.27 (MAs on H4) and 15.40 (top of the sideways range).
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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...