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):
October 21, 2016 Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016 ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016 EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...
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