The 100 hour MA at 0.9052 is close support for traders today. The 200 hour MA at 0.90768 is the next target that if broken would give buyers more control. |
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The USDCAD is trading near a swing high resistance target just ahead of the BOC rate decision. Will it be a sell the fact and correct modestly lower or will the buyers (sellers of the CAD) continue the move higher toward August highs?
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#gold #xauusd #technicalanalysis
In this video you will learn about the latest fundamental developments for Gold. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
1:02 Technical Analysis with Optimal Entries.
2:07 Upcoming Catalysts.
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#trading #futures #commodities
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The break opens the door to the 50% at 1.28537 and a swing area between 1.2845 and 12867
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The EURUSD and GBPUSD bounce off respective hourly MA levels
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