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...
USD/TRY is volatile
2019-11-11 • Updated
Trade ideas
BUY 5.7260; TP 5.7450; SL 5.7200
SELL 5.6990; TP 5.6570; SL 5.7050
USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion. Notice that, all in all, the pair’s consolidating within a triangle and has space to move inside it. The advance above today’s high at 5.7250 will open the way to 5.7450 (100-period MA on H4 and the top of the triangle). The decline below 5.70 will make the pair move towards the lower border of the pattern. The target for selling will be at 5.6570 (200-period MA).
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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...