Hello, dear friends!

It seems that Brexit will still happen on the terms of the recently concluded deal. But the previously agreed deadlines are not likely to be met. Against the background of these reports, the GBPUSD pair is experiencing difficulties with growth and is trading below 1.2900.

Boris Johnson has previously asked for a new postponement until January 2020, until the EU received a response. The risk of early elections to the British Parliament remains, this factor puts pressure on the pound and does not allow it to grow. It is believed that the pair has already reached their medium-term highs and further growth will face difficulties.

There is no shortage of news on Thursday, so strong movements are not excluded. In trade, consider:

  • 14:45 GMT - the ECB's decision on the interest rate, and the regulator will give a comment on the monetary policy of the eurozone;
  • 15:30 GMT - ECB press conference;
  • 15:30 GMT - data on orders for durable goods in America;
  • 17:00 GMT - New home sales statistics in the US.

Boris Johnson has previously asked for a new postponement until January 2020, until the EU received a response. The risk of early elections to the British Parliament remains, this factor puts pressure on the pound and does not allow it to grow. It is believed that the pair has already reached their medium-term highs and further growth will face difficulties.

EURCAD cross-country expected to turn in support zone

In the near future we expect the strengthening of the euro in pair with the Canadian dollar. We work with the support zone 1.4531-1.4557, opportunities to enter the market as follows:

  • forming a standard reversal pattern with confirmation. There has already been an impulse exit beyond the specified range, but it is not yet a reversal. When working out this scenario, place the take-profit at 1.4637;
  • a less likely option is the formation of a local break-up and a false breakdown of its upper boundary. This will give grounds for sales.

By AUDCAD we expect a point of entry to buy

On this cross we are interested in zones 0.8879-0.8907 and 0.8992-0.9020. On Thursday, the graph moves to the support area and the scenario assumes the formation of a reversal pattern in this range.

We are waiting for the formation of a W-shaped model or other reversal pattern and open long positions. You can fix the profit by 0.8992.

CADCHF pair breaks through resistance zone

On Thursday, the chart of this cross over the upper boundary of the zone is fixed 0.7552-0.7569. Local dissolution has been formed and now the entry point is forming on the extension of its lower boundary. When shopping, place the first take profit on a recent local high of 0.7580.

Sales are possible with the continuation of the downward movement. To do this, we are waiting for the formation of local dissolution directly in the zone 0.7552-0.7569 and on the expansion of its upper boundary sell. In this case, the main goal is support at 0.7506.

The downward movement on NZDCHF is expected to continue

The chart of the currency pair N'DCHF twice tried to gain a foothold above the resistance zone of 0.6312-0.6335, both times unsuccessfully. Growth and breakout resistance in the area of 0.6364 looks unlikely, consider only sales.

The chart has already been returned to the range of 0.6312-0.6335, it remains to get a local termination and wait for a failed attempt to break its upper boundary. The target for short positions is 0.6240.

On WTI oil we work in Sell

So far, there are no fundamental factors that would ensure further oil growth. Despite the impulsive breakdown of the zone 54.44-54.92 will consider only short positions.

For trading we wait:

  • Return schedule in the range of 54.44-54.92;
  • Local termination
  • failed attempt to break through its upper boundary.

In this scenario, take-profit on the upper boundary of the support area of 52.44-52.92.

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