Head & Shoulders Pattern forming...
Pink box - if price returns back to that area after the H&S formed and hit target then be ready to set your sell limits as thats when the banks put their orders (from the righ shoulder)
Based on a Fib from 2016 to the low of 2017. The price bounces off the 32fib and continues down. On the daily chart there is now a small wedge forming and it is not making higher highs. Bollinger bands are tightening up and price closed below the MA. Target price 1.25470.
USD made the fur fly. We were waiting for a quiet weekend, and nothing foreboded the storm on Friday, but then suddenly the ball rolled. The Senate approved the tax bill, and Trump’s ex-advisor Flynn confession took the stage. Among these two messages, the latter one did not influence the dollar, but the former one was a great help. The passing of US tax bill gave ...
Asian and European markets have come under pressure before the Fed meeting as investors attempt to cut risk exposure in anticipation of market turbulence.
The projections for the decision remain highly ambiguous, since on the one hand, the Fed's desire to continue normalizing rates, but one the another key indicator of the health of the economy - inflation is ...
USDCAD may resume the selloff this week. The pair has risen 9 trading days in a row until it reached 1.2752. It looks like it cannot go higher, and it means it’s the right time to focus on fundamentals which may trigger the pair slide.
We have already noted Canadian economy is doing fine. The labor market show good growth. Retails sales arein creasing. GDP has ...
