Home » Quick Forex » Analysis of Gold for April 13, 2018 888011000 110888 Just recently, Gold has actually been trading downawrds. As I expected, the rate evaluated the level of$1,334.38. Accoridng to the M30 time– frame, I found a broken bullish assistance line in the background, which is an indication that sellers took control from the purchasers. Presently, Gold is trading in the corrective mode and a possible bearish pennant remains in production. My advice is to look for a potential breakoutof pennant to validate prospective bearish continuation. The down target is setat the cost of $1,322.40. Resistance levels: R1:$1,347.50 R2:$1,360.10 R3:$1,366.97 Support levels: S1:$1,328.10 S2: $1,321.22 S3:$1,308.68 Trading suggestions for today: expect potential selling opportunities.The material has been supplied by InstaForex Company-www.instaforex.com
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USD/CAD analysis for April 19, 2019 888011000 110888 USD/CAD has actually been trading upwards in previous couple of sessions. The price checked the level of 1.3400. We are anticipating more upside on this currency pair. According to the H4 time-frame, we found specified trading range in between the cost of 1.3400( resistance )and 1.3285( support). There is prospective end of the downward correction(abc), which is sign that buying is on the way. Watch for prospective breakout of the resistance(1.3400 )to verify further bullish continuation. The upward targets are seen at the cost of 1.3447 and at the price of 1.3472. The material has actually been provided by InstaForex Business-www.instaforex.com