GBP: bullish trend under question
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EUR/CAD: a considerable drop
Information is not investment advice
The euro has become pretty weak on Christine Lagarde's comments lately. Against the CAD, it becomes most visible. On the H4 chart below, you can see that this pair has been going mostly sideways this month, contained between 1.5550 and the current level of 1.5644. Now, the very last episode is a strong spike to the heights of 1.5740. From there, EUR/CAD went down to 1.5644 undoing the gain. If it reaches the depths of psychological 1.5600 in the middle of the channel, get prepared to see it go further down to 1.5550.
Gaspar Markosyan
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GBP: bullish trend under question
Jump in to get the technical analysis of GBP/JPY and GBP/USD!
Gold: trade the sideways move
How to trade the gold price while it's oscillating between 1 837 and 1 864? Read the article, and you'll know how!
$1.9 tln stimulus is unlikely to support the USD in long term
US President-elect Joe Biden proposed a $1.9 trillion stimulus plan to jump-start the world's largest economy and accelerate its response to COVID-19
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