We have outlooked several promising Forex pairs and the result can surprise you!
USD/CAD returned to resistance
Information is not investment advice
USD/CAD shot up this week but met the resistance of the daily MAs in the 1.3200 area. Here’s also the 50% retracement of the October advance. The further resistance levels are located on the way to 1.3228 (61.8% Fibo). On the D1, the pair formed an “inside bar” as it tried to consolidate after the rapid growth. Support is located at 1.3130 (September low, yesterday’s low). A decline below this level will lead the pair back to 1.31 and 1.3050.
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?