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GBP/CAD formed a “shooting star”

GBP/CAD formed a “shooting star”

Information is not investment advice

As we expected, GBP/CAD met resistance ahead of 1.7285 (100-month MA). On the W1, the pair formed a “shooting star” candlestick with a long upper shadow which closed below both the 200- and 100-week MAs. After such a twist, it’s reasonable to expect that the upside won’t be easy for the pair. The outlook will improve when the price manages to rise above the 200-week MA (1.7140). If the price continues the way down and slides below 1.7020, it will likely head toward 1.6920 (50-week MA). 



New EUR/USD Trade

4H Chart  Daily Chart  EURUSD declined back yesterday after trying to test its 1…


Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

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