Thought we'd finish off today's trading session with a quick and cheerful scalp trade!
Strong bullish momentum is currently surrounding AUD, here we can see the price has moved into the support zone of 0.65630-0.65620. We're expecting the price to at least push back up to 0.6590 roughly speaking. Due to the bullish pressure, we could see the price push even...
USDCAD has met the ascending resistance line which has been respected since June 2019. It appears to be forming a head around 1.32905, which means the risk/reward is strong enough for us to enter short positions. This swing trade has enormous potential behind it, let's see how it does.
Gold has confirmed it is forming a bullish pennant. Now is a great time to buy, as any push upwards could lead to another price explosion to well over 1613.
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EURUSD appears to be bouncing off the resistance zone of around 1.0020. It appears to be a good time to enter long positions to follow the price up to 1.1149, now the risk-reward is in our favour. It may be worth jumping in once a rejection of the resistance zone has been confirmed.