USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The growth target might be 1.3620. Next, the price could break the resistance and continue the uptrend. However, the quotes could correct to 1.3500 before rising. AUDUSD, […]
TitleGBPUSD H4 | Reacting off Resistance level? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1.27233, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.26179 , an overlap support level. Alternative scenario:However, if the price breaks […]
Gold Higher on Softer USD Gold prices are rising sharply ahead of the next round of key US data today. On the back of weaker-than-forecast JOLTS job opening, consumer confidence, services and manufacturing PMIs and now also ADP employment and prelim Q2 GDP, it’s safe to say that the market has firmly reigned in its […]
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