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...
NZD/USD: bears are hunting a crab
2019-11-11 • Updated
Recommendation:
BUY 0.6935 SL 6880 TP1 0.7035 TP2 0.7070
SELL 0.6855 SL 0.6910 TP1 0.6755 TP2 0.6655 TP3 0.6600
On the daily chart, NZD/USD reached 88.6% target of the “Bat”. This increases the possibility of a pullback to 23.6%, 38.2% and 50% of the wave CD. If the pair rises to May high, the focus will shift to the interim target of 127.2% of the “Crab” pattern.
On H1, if NZD/USD gets out of the descending channel and trigger the “Crab” pattern, it may get to its 161.8%.
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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...