We have outlooked several promising Forex pairs and the result can surprise you!
USD/CAD paused after a breakout
Information is not investment advice
This week USD/CAD has broken above the recent trading range. The long-term uptrend remains in place, although bullish momentum isn’t very strong. The pair formed a small shooting star candlestick on D1. It means that it can revisit lower levels before returning to resistance at 1.35. The key support is located at 1.3435 (61.8% Fibo retracement of the December-February decline).
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
The stock market has reversed, and now it’s going lower and lower…
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?