Forex market overview by instruments:,,,, S&P 500, USD index,,,,, Brent oil,.
EUR / USD – after the completion of the secondary downtrend, already on Wednesday the previous week, the “Reverse Trend” fully worked, reaching the target level of 1.08800. But, the EUR did not stop there and already on Thursday on the news continued its upward campaign only as a deep correction, soaring to the level of 1.10525. Over the coming week, a breakdown of the resistance trend line is expected, a downtrend will change to an uptrend, and after a global hike to increase to three target levels 1.10580, 1.11285 and 1.11510.
USD / CAD – the previous week, I could not rush to fall and form a new downward trend. Instead, from the first day, he only sought to increase and on the last trading day he worked out the main target level 1.34230. Over the coming week, a slight correction is expected to the level of 1.33285, and then the formation of a new upward trend and the development of the target level of 1.25145.
XAU / USD – last week, I could not rush to increase to monthly goals, but on the contrary, with the help of news I turned and rushed to fall, falling to the level of 1585.00. And now, at the end of the uptrend on W1, he has formed a complex “Triple Peak”, which, after breaking through the base line of 1570.00, will immediately begin to work out by going down to the three target levels of 1550.00, 1523.00 and 1512.00.
Sincerely, Maxim Lushnikov!
OCULUS – Group: Trading Academy
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