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 support zone
2019-11-11 • Updated
- GBP/CAD broke support zone
- Next sell target - 1.7400
GBP/CAD today broke the support zone lying between the key support level 1.7770 (which reversed the price with the daily Hammer earlier this month) and the 38.2% Fibonacci correction of the upward price impulse 1 from the start of January. GBP/CAD is expected to fall toward the next sell target at the next support level 1.7400 (monthly low from February and the target price for the completion of wave 2).
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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...