USDCAD has tested the region of 1.32 but has not been able to cross this confluence zone, there has not been any significant change, so it still keeps the old view, the price will likely return to 1,30980.
GBP / USD rebounded to recover to 1.2900 after Prelim GDP q / q reached expectations. During the week, some news about Brexit, like a bubble rising and rising, also supported GBP / USD to return to the previous strong recovering trend.
End of week 46/2019, GBP / USD increased by 123.6pips, corresponding to 0.97% of the pair with the strongest increase.
Gold price - XAU / USD after a sharp decline of 548 pips in week 45, continued to engulf the Bull before recovering again. Luckily for the Bull, Gold continued to recover around 87 pips.
Week 46/2019 has the following important factors that investors must pay attention to:
On 11/11/2019, Gold had another sell-off session, pushing the price to 1448 before...
USD / CAD seems to be affected by the Fibo zone 61.8% as the whole week fluctuated around this price range.
Some unfavorable factors from the trade war have made CAD also partially affected. The economic news of the week did not appear, so the currency pair could not go far.
At the end of the week, USD / CAD dropped only 3.7 pips, showing that the W1 candle is a...
USD / JPY also appeared the Shoulder - Head - Shoulder Model but after falling all the boundary pattern recovered again. Although it is not possible to fully recover, the recovery also reduces the profits of the Bear faction.
On the Chart D1 of USD / JPY appears the Descending Channel and at the Price Channel Resistance along with Fibo. Therefore, USD / JPY...
EUR / USD after a week of sharp declines of 146.1 pips in the early days of week 46/2019 continued to have a decline after recovery and by the end of the week, recovered 32.6 pips equivalent to an increase of 0.30%.
EUR / USD could rise to recover mainly thanks to the Double Top Model on the H1 DXY technical chart, causing the US Dollar Index to slightly...
AUD / USD on week 46/2019 continued to decline, but it seems that the decrease has slowed down. In week 45/2019, AUD / USD dropped by 55pip while in week 46, AUD / USD dropped by the only 38pip.
This decline is not due to the impact of the trade war but from concerns about the weakening Australian labor market. The 19.000 job change led to an increase in the...
