USDCAD 5-Wave Impulse To Complete Triple Zigzag
The USDCAD currency pair forms a primary wave Ⓩ which is part of a global [...]
Trading news
Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020
The Euro extends gains above 1.19 after weaker than expected US macro data yesterday. Today, we have the German GfK Consumer Confidence Survey for December which is expected to print at -5. As Germany is facing a second wave of coronavirus and has reimposed economically-painful lockdown restrictions, the data could come in well below expectations which could cap the gains for the single currency in the short-term. However, buying the dips will remain our strategy for now as markets are expecting the ECB to announce additional stimulus in December.
Support: 1.1890 / 1.1850
Resistance: 1.1950/ 1.20
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Thursday, 26 Nov, 2020 / 9:37
Trading news
Republicans U-Turn On Trump Impeachment
Dollar Slides Ahead of FOMC The dollar index closed 0.27% lower yesterday as [...]
WTI Crude breached our line in the sand resistance level at $52.60 to reach [...]
