No matter what the economic figures from the UK look like, the GBP is under the heavy weight of Brexit.
Tag - cad - canadian dollar
Fresh ideas
There're bearish patterns such a 'High Wave' and a 'Harami', which both have been confirmed.
The trading action today will mostly be driven by the news and the sentiment…
USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs).
Trade ideas for May 15
GBP/CAD met the resistance of the 50-month MA in the 1.7765 area.
What key releases will move the markets this week?
AUD/CAD, EUR/CAD, and GBP/CHF are on the arena.
The day promises to be quite interesting for USD/CAD. The market awaits the news about the trade talks between the United States and China.
The last bearish 'Shooting Star' and 'Harami' haven't been confirmed and there's no any reversal pattern so far...
Trade ideas for May 7