Plunging through 3 drive to the bottom and descending trendline. P.S. Don’t step in front of the freight train. Should look to short at 70 on a relief rally. 6 more words
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European shares closed higher on yesterday session with investors reacting to fresh data from the euro zone, meanwhile trading could be light after U.S. markets closed for the Thanksgiving holiday yesterday and set to reopen today for a shortened session. 86 more words
It seems there will be no cut for the time being in oil supply. Oil price has fallen to new lows after the news was released and USDCAD surged significantly, breaking important resistance level. 88 more words
USD declines after weak durable goods orders and new home sales. 200-Hours MA acting as a strong resistance
The USDCAD was actually up overnight, moving from 1.1235 to approximately 1.1295.
But the pair then touched the 100-hours moving average at around 5AM ET (resistance level that has remained persistent lately) and it started to decline. 87 more words