Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/CAD broke resistance zone
2019-11-11 • Updated
- GBP/CAD broke resistance zone
- Next buy target - 1.8400
GBP/CAD recently broke through the resistance zone lying between the round resistance level 1.8000 (which reversed the price with the daily Evening Star at the start of March, as can be seen from the daily GBP/CAD chart below). The breakout of this resistance zone accelerated the active minor impulse wave 3, which belongs to the intermediate impulse wave (3) from January. GBP/CAD is expected to rise toward the next buy target at next resistance level 1.8400 (forecast price for the completion of wave (3)).
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USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
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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...