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USDCAD Price Outlook Economic news is expected to be the main mover of USDCAD in the coming week.There are five Canadian events in the upcoming week, including tier-1 employment releases. IMPORTANT ECONOMIC EVENTS: Manufacturing PMI Raw Materials Price Index Trade Balance Ivey PMI Employment Report LOOKING FOWARD: The US dollar is expected to remain under pressure, with possible reversals, with the US runoff election in Georgia on Tuesday. The results will determine which party will control the US Senate. TODAY RESISTANCE: Very simple targets of previous lows. Target 1 - 1.2714 Target 2 - 1.26948
Short
by CeoCodes
25
BITCOIN BTCUSD Buy the news, Sell the factNEWS Bitcoin has hit a record value of $19,920.53 this month, prompting a surge of interest from British investors. JPMorgan Predicts $600 Billion Bitcoin Demand The Bank said that even 1% of asset allocation by large financial companies would result in $0.6 trillion BTC demand. The bank expects financial services companies from the US, EU, Japan and the UK to allocate at least 1% of assets in Bitcoin, with an expected Bitcoin demand of $0.6 trillion. FACT Bitcoin's Price Action around 1950 triggers intraday retraces. When COVID fears & Gold price increase, BTCUSD price shows aggressive corrections. TARGETS Intra Day level 19118 Level To Reasses Overall Trend 18985
BITSTAMP:BTCUSDShort
by CeoCodes
19
GOLD XAUUSD Price OutlookGold prices have opened the week at a key support level around the 61.8% retracement of the June-August major move. CURRENT EVENTS: Short and Long-term strategies may favor Gold strength, while intermediate-term strategies may continue to look for bullish swing scenarios as COVID fears become more serious in the UK & Europe. Recent price action tell us Gold prices have now spent more than the past four months digesting after this summer’s bullish run. LOOKING FOWARD: Price area on the chart has continued to form major price structures is 1859-1871: This zone caught support after that pullback first started in August and four months later, it came in as resistance last week to help hold buyers at bay. TODAY RESISTANCE: Very simple targets of previous highs. Target 1 - 1838 Target 2 - 1852
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TVC:GOLDLong
by CeoCodes
26