STO Successful Signals - 2.27.2017 - 3.3.2017

Last Week's Successful Signals
06 / 03 / 2017 | General
Successful Signals - 2.27.2017 - 3.3.2017

After a relatively mobile week, with a lot of financial news of high importance coming out of the United States including:
The US Durable Goods Orders
The fourth quarter USD Gross Domestic Product
The USD Gross Domestic Product Price Index
The USD Advance Goods Trade Balance
The USD Consumer Confidence Index
Our analyst managed to successfully predict the movement of USD/CAD and the drop in the prices of Gold:

March 1st 2017 – Technical Analysis USD/CAD moves to 1.3550

USD/CAD is working on the Fibonacci levels established from the sell off at the start of 2016. We have seen support around the 23.6% level at 1.30, but a sustained move past current resistance at 1.33 would pave the way for a move up to around 1.3550. See the original analysis here.



March 2nd 2017 – Gold prices are sitting just below the 50% retracement

Gold prices are sitting just below the 50% retracement of the sell-off recorded in the second half of 2016. mid-month highs around $1237.5 are likely to provide intermediate support before we see a move lower to January highs at the 38.2% retracement.



This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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