Hi, We see a nice possible SHS-Formation in the H2 Chart. The plan is to sell at around 0.9 after a bearish MACD Crossing and an overbought RSI with a nice Ratio. Target is the last low at 0.887. Have a nice day!
A triangle has formed. Now we have to wait until it breaks out in one direction. The CAD has devalued sharply due to the huge slump in the price of oil. Now at least a recovery could be in sight, which could push the CAD back up and the USD/CAD will fall. Have a nice day!
S&P has left its upward trend channel. Now I expect a downward movement to the next drawn trend line, which intersects with the 0.236 fibonacci retracement. It will then be interesting to see whether he continues his upward movement or whether he will continue to slump down. Have a nice day!
Hello! If we look at the one-year cycle, we see that between March and June, wheat prices usually go up. This has to do with the harvest times, which are mostly in autumn. We are currently in the last impulse of the Elliot impulse wave, which started in May 2019. Due to the last steep correction wave, there could now be a strongly rising pulse wave, which has...