WTI oil closed by white candle last Friday forming a gap in the clouds and touching broken descending channel, and 50% Fibonacci level extended along the last move. Let’s buy the pair at market opening and with the current prices:
As for the cross pair AUD/NZD, price has reached the 3rdВ point of the weekly ascending channel:
Price has formed a hammer in the daily chart, which is touching weekly uptrend, therefore let’s try to buy the pair with the current prices at market opening. At that, it is wise to hide Stop Loss behind the hammer’s handle (SL will give 50-60 points):
February 21, 2017 XAU/USD pair maintained a bullish tone
Gold weakened on Monday amid a light market as American stocks were closed due to the President's day celebration. Market players wait for further hints regarding Fed’s rate hike timing...
February 21, 2017 Oil is heading in the right direction
Despite the assurance about the soft Brexit from the British Prime Minister the in consideration of the bill has been proving opposite, and the suppressing growth attempts of the British currency...
February 21, 2017 Greenback higher, but no incentives for big moves
After a muted trading session on Monday due to the U.S. holiday, the USD is finally showing signs of strength in early Asian trade as investors await economic data, speeches from several Fed Presidents, and minutes of the latest FOMC meeting.
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