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#SaxoStrats
The big news seen overnight was the energy sector creeping higher as shares broke through January highs on the rally in crude oil prices.
Squawk / 08 August 2018 at 5:43 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
USDCAD - Sharp positive turn points higher
Yesterday's bearish call had some success but the downside was again limited. Buying interest was again attracted above the 100 day mvg avg and, in the latter part of the day, this demand accelerated higher. Strong gains led to a test of the key 13 day mvg avg and although that point was not breached, on a closing basis, the strength of the improvement ensures our technical studies are positive.
We look to Buy in the 1.3050/55 area and any 1.3032 dip
Stop is 1.3002 offered
Targets - 1.3075, 1.3100 or even 1.3128
Closes 4pm London time
08 August
KS2011 KS2011
Thanks Alan, made 50 pips on EURGBP yesterday and today in at 51 with USDCAD
08 August
marran marran
i think it could hit 3110 but probably not by 4pm
08 August
KS2011 KS2011
marran, my thinking too, I am holding it from 1.3003 fingers crossed.
08 August
marran marran
i have just placed another trade but with a stop at 3030 and a tp at 3110 seems like a good risk to reward to me
08 August
AlanCollins AlanCollins
Great stuff KS
08 August
AlanCollins AlanCollins
Struggling around 70. No negative signs but now looking to lighten longs above 70 rather than at 75 with a stop pulled tight to 1.3047.

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