During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
EUR/JPY: bulls are restoring the trend
2019-11-11 • Updated
Recommendation:
BUY 131.95
SL 131.40
TP1 132.95 TP2 133.8 TP3 136
On the daily chart of EUR/JPY, bulls could fix over the top line of the downtrend channel and are planning to move to the resistance at 131.95. Reaching this point will create a “Broadening wedge” pattern and allow to count on the continuation of a rally towards targets at 127.2% and 88.6% of the patterns AB=CD and “Double bottom”.
The pattern "Wolfe waves" is visible on the H1 chart. An update of the September maximum will go further in the direction of 200% target for AB=CD.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...