I marked rounded bottom on the chart. Pair is currently trading above very important Fibonacci level which is 14.58%. This formation combined with 200 ema is suggesting solid bottom and probably rebound to 50% of previous big move. I wouldn't be surprised if the pair will go down just to touch the closest lowest low.
If price breakout over saucer lip then buy target 1181.
POOR FUNDAMENTALS, BUT VALUATION COMPELLING? It took a BUY rating from BAC, ahead of the much anticipated Karma drone product launch (conference due today) to propel the shares significantly higher, even though the company has been suffering from decreasing topline growth rates and an unprofitable business model. Will this trend continue? TECHNICALLY STRONG After...
USDCAD Bulkowski's Bottom Round Percentage Meeting Target Price - 57% Measure = 288 Pips 288(0.57) = 164.16 Price at Bottom = 1.2766 1.2766 + 164 = 1.2928 Target Price = 1.2928 Target Price is in confluence with Fib Zone Wait for completion of bump (struggling with moving avg, here) and continuation of bowl for buy confirmation. Begin entry = 1.2800 or...