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Day: August 22, 2019

27 posts
Trade of the Day:  NZD/CAD

Trade of the Day: NZD/CAD

By: Dima Chernovolov NZD/CAD continues to fall inside the hourly Down Channel chart pattern which was identified previously by Autochartist. Autochartist rates the quality of this Down Channel at the 4-bar level – which is the result of the below-average Initial Trend (1 bar), lower Uniformity (3 bars) and strong Clarity (8 bars). NZD/CAD is…
Why is it worth watching the Gold Silver ratio?

Why is it worth watching the Gold Silver ratio?

There are many ratios in the trading world that are worth watching. But when it comes to trading precious metals there is one key ratio that everyone must know and should watch. That, of course, is the Gold Silver ratio which is essentially the price of Gold divided by the price of silver. You might…
EUR/USD Target Level: 1.1065

EUR/USD Target Level: 1.1065

Rectangle identified at 22-Aug-2019 10:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1065 within the next day. Supported by Downward sloping Moving Average Chart 1 hourPattern RectangleLength 93 CandlesIdentified 22-Aug-2019 10:00 UTC