Technically: The chart may complete 5th daily wave which has not yet Fundamentally: The Canada fundamentals are much weaker than the USA Your comments are appreciated
As we highlighted yesterday that we wanted to see a confirmation of breakout or reversals in AUD/USD, and the price action today suggests that AUD/USD confirms the uptrend. Note: We are buying the dips on AUD/USD with stops at the support levels at 0.7330 to target 0.7420 in short term trading.
Technical: 1. Gold has been in steady uptrend channels for 9 trading days, but the recent price action overlapping the upside channel suggests that the correction is due. In addition, the 2 times rejection shown on chart also add to our short-term bearish bias. 2. The room of corrective moves in gold is seen to touch 1660 - 1665 area. Trade ideas: We generate...
Rejection on the hourly S/R line. Looks like it will continue until it meet's it's next support/resistance point. Rejection at 0.786 makes it seem likely Daily outlook continues to seem bullish. Feedback is welcome.
Strong strong strong support on the daily. Need I say more?