Forex Market Overview on Instruments: , , , , , The S’P 500, USD Index, , , , Brent Oil, .
EUR/USD – in the previous trading week after the trend changed from downward to upstream tried to rush to increase to form a new upward trend. But, instead, when hiking for the rise, EUR formed the “Opening Triangle”, which initially shows its main downward hike to the target level of 1.10070. In the coming week, the movement is expected to continue downwards to its target level.
USD/CAD – The previous week on Wednesday after breaking through the support level of 1.32700 immediately rushed to the downgrade as a “Triple Top” development, and on the same day it reached the first goal of 1.32225. But, as he went down, he, as well as EUR, formed the “Opening Triangle”, which shows its main hike to rise to the target level of 1.32800. It is expected to be worked out in the coming week.
XAU/USD – After the formation of the “Reverse Trend” for the second trading week is trying to rush to rise to the target level of 1493.15, but the “double top” on MN does not give it yet to do, and the previous Friday we on Non-Farm PayRolls rushed to the decline, falling to the level of 1460.00. And, as there is a lot of uncertainty about Gold now, the task in the coming week is to determine the main direction.
Respectfully, Maxim Lushnikov!
OCULUS – Group: Trading Academy
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