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...
XAU/USD: bulls are trying to break obstacles
2019-11-11 • Updated
Recommendations:
BUY 1365
SL 1350
TP1 1395 TP2 1420
On the daily chart of XAU/USD, the pair reached the upper boundary of the 1310-1360 consolidation for the third time since the end of February. The pair could not break the upper boundary both previous times, but bulls still hope to break it. If bulls manage to break the resistance at 1360-1365, the pair will move to the 127.2% target of the “AB=CD” pattern.
On H1, bulls prevail as long as the pair is above 1321 (the “Broadening wedge” pattern is not implemented). If the pair reaches the April high, odds of the rise to the 161.8% target of the “Crab” pattern will increase.
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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...