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Forex

USDCAD 1.246 To Complete Bearish Trend

The current USDCAD structure hints at the formation of a large triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. The bearish wave Ⓩ forms an intermediate (A)-(B)-(C) zigzag. Impulse wave (A) and the bullish zigzag correction (B) are have ended, whereas impulse…

GBPUSD on Track to Retest 1.3590

The GBPUSD currency pair is giving back the gains made from the previous day with prices turning lower. On the intraday charts, we see prices trading currently below the 1.3821 swing low. A confirmed daily close below this level could…