The Canadian Dollar may continue to pull back unless the BOC manages a convincing hawkish surprise at the upcoming monetary policy announcement. That looks like a tall order. The daily price is trying to cross 100 SMA for the 200 SMA to below as the next target for the primary daily bearish reversal. more...
Gold fell last week as traders moved out of risk assets, boosting the US Dollar to its strongest level since December 2002. The yellow metal faces a tough path if Greenback strength persists. Daily price broke Ichimoku cloud to below for the primary bearish reversal: the price is crossing 1,821 support level to below for the bearish trend to be continuing with 1,799 target to re-enter. more...
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