OIL struggling to break past 54 – US OIL Market Outlook – 21/01/2021
WTI Crude hit our short support target at $53 after API inventory showed a [...]
Trading news
EUR/CAD Bearish ABCD and Trendline Confluence
The EUR/CAD is currently in a zig-zag downtrend. We can see a distinct trend line that makes a confluence with H3, ATR pivot and ABCD bearish pattern. ABCD is valid and confirmation of short continuation comes with 1.4025 break. Additionally, the POC zone is 1.4060-80 so watch for possible rejections off the zone too. Targets are 1.4000 and 1.3945. Only the break of 1.3940 will extend the target towards 1.3900 zone. Invalidation of this bearish scenario comes if 1.4110 is reached.
Tuesday, 31 Jan, 2017 / 3:18
Trading news
Investors welcome the 46th US President with a RECORD high – DOW JONES Market Outlook – 21/01/2021
US stocks are set to rise higher today on optimism over the new administration [...]
Dollar Retreats Ahead Of Inauguration
The dollar index slid 0.25% lower yesterday as the 45th President exited the [...]
