Forex News 24 |
- Elliott wave analysis of GBP/JPY for April 11, 2019
- 5 Top Stock Trades for Friday: CGC, CVS, ICPT, RAD, UNH
- Patagonia Beer? Why the Clothing Company Is Suing Anheuser-Busch Patagonia Beer? Why the Clothing Company Is Suing Anheuser-Busch
- There’s a Shake Shack Game of Thrones Secret Menu? YES! There’s a Shake Shack Game of Thrones Secret Menu? YES!
- FX Price Action Setups After ECB, FOMC Minutes
- April 11, 2019 : GBP/USD Intraday technical analysis and trade recommendations.
- Free Coffee Day at Wawa 2019: What to Know Free Coffee Day at Wawa 2019: What to Know
- Spot Gold Price Chart Reveals Plunge Towards Support as USD Rips Higher
- TWTR Stock: Will Pinterest’s IPO Threaten Twitter Stock?
- USD/CAD Eyes Breakout as Loonie Coils
| Elliott wave analysis of GBP/JPY for April 11, 2019 Posted: 11 Apr 2019 01:52 PM PDT Hits: 4
The extension of the Brexit deal to October 30 has given GBP a lift. We were looking for renewed GBP strength, but this extension should give GBP/JPY an extra push towards the upside. We are looking for a clear break above minor resistance at 146.05 to confirm a corrective low is in place near 144.90 and renewed upside strength should push GBP/JPY towards 147.00 and 148.50 near term. Support remains seen in the 144.90 -145.10 area. R3: 147.00 R2: 146.50 R1: 146.00 Pivot: 145.55 S1: 145.00 S2: 144.62 S3: 144.15 Trading recommendation: We are long GBP from 146.51 with our stop placed at 144.80 The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| 5 Top Stock Trades for Friday: CGC, CVS, ICPT, RAD, UNH Posted: 11 Apr 2019 01:33 PM PDT Hits: 4 Stocks are stagnating lower on Thursday, but aren't declining with any real staying power. As boring as that action can be, investors need to be careful not to overtrade. If need be, walk away from your desk for a while and get some fresh air. Then come back and let's talk about some top stock trades. Top Stock Trades for Tomorrow #1: Rite Aid
Shares of Rite Aid (NYSE:RAD) are making new lows (what else is new) as the company reported fourth-quarter earnings. RAD missed on earnings and revenue estimates, provided weak guidance and announced 1:20 reverse split. Let's put it this way: A healthy company doesn't reverse split. We've said to avoid RAD stock over and over throughout the years. The company is circling the drain and there's no reason to trade this one when there's so many other options out there. Even shorts can be burned by a temporary squeeze. Top Stock Trades for Tomorrow #2: CVS Health
A cheap valuation, decent growth and a solid dividend aren't enough to support CVS Health (NYSE:CVS). I highlighted this one as a trade last month before shares promptly jumped about 10%. Since then though, the stock has come back down to this $52 level twice now. If it gets there again, will it hold as support? The chart looks grim and while I was a buyer on the initial test of $52, I'm not now. There's no telling where this will find support if the recent lows give way. On the upside, CVS needs to get above downtrend resistance and the 20-day moving average. Top Stock Trades for Tomorrow #3: UnitedHealth
UnitedHealth (NYSE:UNH) has a similar chart, with downtrend resistance squeezing the share price into repeated support. Uptrend support (purple line) has given way, so it's all up to bulls to step up to the plate between Thursday's lows and $235. A drop below $230 puts UNH in no man's land for the time being. If it holds, see if UNH can get above $246 to $250 on a rally. Top Stock Trades for Tomorrow #4: Canopy Growth
Remember when we talked about the very slow consolidation in Canopy Growth (NYSE:CGC) stock a few months ago? We ended up stopping out of this one as uptrend support and the 50-day moving average gave way. It looked like $42 was going to hold up as support, but it wasn't worth the risk to us. As you can see in April though, $42 actually turned into resistance after acting as temporary support. CGC may pull in some buyers near the 200-day, but cannabis stocks like CGC, Cronos Group (NASDAQ:CRON), Tilray (NASDAQ:TLRY) and others are under pressure. It's not clear yet whether the 200-day will act as support. If it does, bulls have a clear line in the sand. If not, look for potential short-term support in the $37 to $38 area. Below that and ~$34 is in the cards. Top Stock Trades for Tomorrow #5: Intercept Pharmaceuticals
Disappointing late-stage data disappointed investors in Intercept Pharmaceuticals (NASDAQ:ICPT), which is down almost 13% on the day as a result. Prior resistance near $115 did not act as support, as ICPT is knifing through all three major moving averages on Thursday. It's not a good look for bulls. If ICPT can't get back above the 200-day and 50-day moving averages, or if it does temporarily but they turn into resistance, then the stock could be heading lower. If that's the case, a test of uptrend support is certainly possible, currently about $15 or 14.3% below current levels. If shares bounce from current levels, look for a retest of $115 and see how ICPT does then. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.
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| Posted: 11 Apr 2019 12:54 PM PDT Hits: 6 Patagonia beer may sound like it would be extremely profitable to the outdoors apparel brand, but these brews are being sold by Anheuser-Busch (NYSE:BUD), which has led Patagonia to file a lawsuit against the Budweiser parent company.  The clothing company decided to file a lawsuit after discovering that Anheuser-Busch has been selling a Patagonia-branded beer that also contains the latter's environmentally friendly logo. The beer giant received the trademark to begin selling Patagonia beer in the U.S. in 2012, but the company sat on the name until 2018, which is when it started selling beer with the branding. Patagonia is accusing Anheuser-Busch of trademark infringement as the company claims the latter copied the brand's name and aesthetic. The Patagonia beer packaging has a silhouette of a mountain to go along with the word Patagonia in bold lettering. Making matter worse is that Patagonia claims that Anheuser-Busch has been selling the beer and the clothing company's branded apparel at pop-up stores at ski resorts, which is technically Patagonia clothing territory, according to the suit. "In short, AB has done everything possible to make it appear as though this PATAGONIA beer is sold by Patagonia." The company added that Anheuser-Busch "has gone as far as creating a logo that is strikingly similar to Patagonia's famous mountain silhouette logo that has appeared continuously for decades on millions of products." BUD stock is up 0.7% Thursday. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Posted: 11 Apr 2019 12:16 PM PDT Hits: 5 A Shake Shack Game of Thrones secret menu has been unveiled by one of the tastiest burger chains in New York, and they decided to take the concept of a secret menu to a new level.  Source: Shutterstock The restaurant said that you can only order items from its new secret menu if you order it in Valyrian, a language from the popular HBO series. The decision came as the show is now heading towards its eighth and final season, which will begin this Sunday. The Shake Shack Game of Thrones secret menu includes two new items, one of which is the Dracarys Burger, named after one of Daenerys Targaryen's iconic dragons from the series. The item is $11 and it consists of a spicy double cheeseburger topped with bacon, containing Monterey Jack cheese and Shack Sauce. The other item on the secret menu is the Dragonglass Shake, which is a $7 milkshake that consists of a cool custard blend of mint and white chocolate that is topped with shards of toffee. You can get the burger at the chain's Madison Square Park location in New York City through April 21, while the shake is available until May 19. Shake Shack is hardly the first food and beverage business to add Game of Thrones-inspired items. Oreo and Mountain Dew have also been using the show's branding to sell its products, which are inspired by the series. Article printed from InvestorPlace Media, https://investorplace.com/2019/04/shake-shack-game-of-thrones-secret-menu/. ©2019 InvestorPlace Media, LLC Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| FX Price Action Setups After ECB, FOMC Minutes Posted: 11 Apr 2019 12:15 PM PDT Hits: 5 Forex Talking Points:– If you're looking to improve your trading approach, our Traits of Successful Traders research could help. This is based on research derived from actual results from real traders, and this is available to any trader completely free-of-charge. – If you're looking for a primer on the FX market, we can help. To get a ground-up explanation behind the Forex market, please click here to access our New to FX Trading Guide. If you'd like to sign up for our webinars, we host an event on Tuesday and Thursday, each of which can be accessed from the below links: Tuesday: Tuesday, 1PM ET Thursday: Thursday 1PM ET FX Market Remains with Congestion and Range After ECB, FOMC MinutesYesterday's excitement quickly gave way to a return of middling price action, as both the Euro and US Dollar remain near pre-release levels without much potential showing for near-term directional trends. Next week's economic calendar is rather mild with only a handful of data announcements, the high point of which appears to be inflation releases out of New Zealand (Tuesday) the UK, Canada (both on Wednesday) and Japan (Thursday evening). In this webinar, I looked at setups across the US Dollar, focusing in on both short and long-term backdrops. US Dollar Remains in Ascending Triangle – May Need a Support PushThe US Dollar has seen buyers shy away from a re-test of the yearly high at 97.70, with last week's price action producing a lower-high in that theme. And while this certainly doesn't negate the bullish potential in the USD, it does point to the fact that this theme will likely need a push of some kind to bring that bullish breakout beyond 97.71. What might that push be? It's looking increasingly less-likely that it will come from the Fed as the bank appears to be comfortably dovish after the March rate decision. US Dollar Daily Price Chart
Near-term, this puts focus on support structure in the US Dollar with the potential for a continued downdraft. This week saw a lower-low build around the 96.85 area, and below that remains support potential around 96.68 and 96.47, which is a big-picture Fibonacci level taken from the 2011-2017 major move in the currency. Below that is an area of confluence, running between the 96.03 Fibonacci level and the bullish trend-line. US Dollar Four-Hour Price Chart
Euro Support Bounce Builds Rising WedgeOn a longer-term basis, EURUSD remains in the range that's been in-play since November. EURUSD Daily Price Chart
Near-term, the bullish response to that support may be soon meeting its end. I had looked at the bullish side of the pair coming into this week, and that theme has remained visible through yesterday's ECB and FOMC minutes drivers. But, the fact that buyers have been much more active around lows than highs shows that this bullish move may not have much room left. Key for this theme will be a test below the 1.1250 psychological level. EURUSD Two-Hour Price Chart
GBPUSD Builds Descending TriangleIt was a surprisingly strong Q1 for the British Pound, and that even includes some aggressive two-way volatility that showed-up in March. During that pensive period in the Pound, the currency carved-in support around the 1.2962-1.3000 zone. But, after topping-out in mid-March, the pair has been setting a series of lower-highs, making up the resistance side of that formation. This will often be approached in a bearish manner, looking for the motivation that's driven-in bears at lower-highs to, eventually, take-over to allow for a break-below horizontal support. GBPUSD Four-Hour Price Chart
USDJPY Builds Inverse Head and Shoulders: Breakout Nearing?I had discussed USDJPY in this morning's write-up, focusing on a rather clear bullish response to a key zone of support that runs from 110.75-110.86. This places emphasis on a bearish trend-line that can be found from the mid-March and early-April swing highs: A bullish break through that level can open the door for additional topside in the pair. Just beyond the 112.00 level that helped to mark the 2019 high is a Fibonacci level at 112.34, and that can function as an initial target or an area for break-even stop moves. USDJPY Four-Hour Price Chart
USDCHF Reversal Potential May be NearingUSD/CHF has broken above the potential area of resistance around the parity figure. This now opens the door for resistance in the area that helped to catch a couple of recent tops in the pair, and this runs from 1.0071-1.0096. USDCHF Daily Price Chart
USDCAD Back to ResistanceThis morning's US Dollar strength has helped USDCAD to recover, and prices are right back into the zone of resistance looked at coming into this week. This can keep the door open for short-side USD strategies in the pair. USDCAD Four-Hour Price Chart
AUDUSD Longer-Term Resistance Lurks AheadAUDUSD continues to work within the confines of the multi-month range, but with prices budging above the 'R1' zone looked at earlier this week, focus is on the 'R2' zone for a re-test. That zone runs from Fibonacci levels at .7186-.7205. AUDUSD Four-Hour Price Chart
NZDUSD: Higher-Low Support PotentialNZDUSD has re-tested a key Fibonacci level on the chart at .6717, which is currently helping to mark the two-month low in the pair. If buyers can hold prices above this level, allowing for the build of a higher-low, bullish reversal strategies may soon come back into favor. NZDUSD Eight-Hour Price Chart
Gold Prices React at Resistance – Support Watch is OnOn the short-side of the US Dollar, bullish Gold scenarios can remain as attractive. Gold has continued to build support in a key zone through 2019 trade, which runs from the approximate 1275-1286. With prices pushing lower from the resistance looked at earlier this week, the door is re-opening for another support test in the pair, which can go along well with continued themes of meander or pressure in the US Dollar. Gold Price Four-Hour Price Chart
Chart prepared by James Stanley To read more:Are you looking for longer-term analysis on the U.S. Dollar? Our DailyFX Forecasts for Q4 have a section for each major currency, and we also offer a plethora of resources on USD-pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD. Traders can also stay up with near-term positioning via our IG Client Sentiment Indicator. Forex Trading Resources DailyFX offers an abundance of tools, indicators and resources to help traders. For those looking for trading ideas, our IG Client Sentiment shows the positioning of retail traders with actual live trades and positions. Our trading guides bring our DailyFX Quarterly Forecasts and our Top Trading Opportunities; and our real-time news feed has intra-day interactions from the DailyFX team. And if you're looking for real-time analysis, our DailyFX Webinars offer numerous sessions each week in which you can see how and why we're looking at what we're looking at. If you're looking for educational information, our New to FX guide is there to help new(er) traders while our Traits of Successful Traders research is built to help sharpen the skill set by focusing on risk and trade management. — Written by James Stanley, Strategist for DailyFX.com Contact and follow James on Twitter: @JStanleyFX
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| April 11, 2019 : GBP/USD Intraday technical analysis and trade recommendations. Posted: 11 Apr 2019 11:43 AM PDT Hits: 5
On January 2nd, the market initiated the depicted uptrend line around 1.2380. This uptrend managed to initiate two successive bullish waves towards 1.3200 (Jan. 25) then 1.3350 (Feb. 27) before the bearish pullback brought the GBPUSD pair towards the uptrend on March 8th. A weekly bearish gap pushed the pair below the uptrend line (almost reaching 1.2960) before the bullish breakout above short-term bearish channel was achieved on March 11. Shortly after, the GBPUSD pair demonstrated weak bullish momentum towards 1.3200 then 1.3360 where the GBPUSD failed to achieve a higher high above the previous top achieved on February 27. Instead, the depicted bearish channel was established. Significant bearish pressure was demonstrated towards 1.3150 – 1.3120 where the depicted uptrend line failed to provide any bullish support leading to obvious bearish breakdown. On March 29, the price levels of 1.2980 (the lower limit of the depicted movement channel) demonstrated significant bullish rejection. This brought the GBPUSD pair again towards the price zone of (1.3160-1.3180) where the upper limit of the depicted bearish channel as well as the backside of the depicted uptrend line were located. Bearish rejection was anticipated around these price levels (1.3160-1.3180). Further bearish decline is expected towards 1.2920-1.2900 where the lower limit of the depicted channel is located. Trade Recommendations: Any bullish pullback towards 1.3160-1.3180 should be considered for another SELL entry. TP levels to be located around 1.3100, 1.3020 then 1.2950 – 1.2920. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| Free Coffee Day at Wawa 2019: What to Know Free Coffee Day at Wawa 2019: What to Know Posted: 11 Apr 2019 11:36 AM PDT Hits: 2 Today is Free Coffee Day at Wawa as the Philadelphia-area chain is commemorating its 55 years in existence by giving out brews to everyone who shows up, free of charge.  Source: Shutterstock This country loves coffee as much as it enjoys anything else, and today is the perfect day to enjoy a little caffeine as you can indulge for free at Wawa. The company has now been around for five and a half decades, which means everyone gets free coffee for the entire day on Thursday, April 11. The gas station chain will be offering its free drinks at its more than 790 stores, which can be found all over the East in states such as Delaware, Florida, Maryland, New Jersey, Pennsylvania, Washington, D.C. and Virginia. The company estimated last year that it would give away 2 million cups of coffee on the date, which it calls Wawa Day. "We see
And while the chain will not be offering free coffee tomorrow, it is still a great marketing ploy as it reminds consumers that you can get decent food at some gas stations. We recommend getting the cold subs there as they are usually on point, which would be smart considering you need something to enjoy along with your coffee.
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| Spot Gold Price Chart Reveals Plunge Towards Support as USD Rips Higher Posted: 11 Apr 2019 11:34 AM PDT Hits: 5 SPOT GOLD PRICE CHART – TALKING POINTS
Gold is sinking today with spot prices trading roughly 1 percent lower and could put the medium-term bullish uptrend at risk if the precious metal falls further. Month-to-date spot gold performance remains in positive territory, however, despite today's drop pushing gold below psychological support at the $1,300 level. SPOT GOLD PRICE CHART: DAILY TIME FRAME (OCTOBER 31, 2018 TO APRIL 11, 2019)
Spot gold enjoyed a healthy rebound higher earlier this month after prices based at the 38.2 percent Fibonacci retracement line drawn from the low recorded in November 2018 and top printed in February 2019. Although, the short-lived advance was halted once XAUUSD approached $1,310 yesterday where the 23.6 percent Fib and recent downtrend line rejected further upside. Less-dovish Fed language revealed in the March FOMC minutes could be contributing to the selling pressure in gold considering a surging US Dollar and rebounding interest rates make gold less attractive. Now, XAUUSD is re-approaching technical support near the $1,285 price where prices have formed a strong area of confluence. Long-term uptrend support formed by the lows in November 2018 and earlier this month has potential to bolster gold prices while the 38.2 percent Fib looks to provide support once again. Nevertheless, a break below the rising trendline would likely threatens gold's longer-term uptrend while a move above the falling trendline could reassert a bullish bias. SPOT GOLD TRADER SENTIMENT PRICE CHART: DAILY TIME FRAME (OCTOBER 15, 2018 TO APRIL 11, 2019)
Check out IG's Client Sentiment here for more detail on the bullish and bearish biases of EURUSD, GBPUSD, USDJPY, Gold, Bitcoin and S&P500. According to client positioning data from IG, 74.6 percent of spot gold traders are net-long with the ratio of traders long to short at 2.93 to 1. Although, the number of traders net-long is 8.7 percent lower than yesterday and 6.5 percent lower than last week. TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter
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| TWTR Stock: Will Pinterest’s IPO Threaten Twitter Stock? Posted: 11 Apr 2019 10:54 AM PDT Hits: 9 Pinterest is once again in the in IPO (aka, initial public offering) market. A couple weeks ago, it pulled its IPO and went silent.
Somehow, the stock has lost $2 billion in value from 2017 to 2019. Now, it may well happen that the IPO soars and doesn't touch $17 again. It may also happen that Pinterest and its bankers figure it's better to be conservative with the valuation rather than fully price it and set itself up for disappointment in its early trading days or when it has to report earnings. But there's no doubt that the new wave of tech IPOs is starting to look like it did back when the dotcom boom hit. Pinterest and the New Tech IPOsLyft (NASDAQ:LYFT) just went public. Uber is soon to follow. Zoom Video Communications is about to IPO, as are biotechs Hookipa Pharma and Turning Point Therapeutics, as well as insurer Palomar Holdings. The real question is, as these firms enter the "real world" of public trading, how will they get along with the other players already out there. The reason people are comparing Pinterest to Twitter (NYSE:TWTR) is that they kind of take up a similar space, but also both have about the same amount of monthly active users (MAU), the major benchmark for social media companies. Basically, MAUs are a measure of how many people use the site at least once a month. There is also a daily active user metric, but MAU represents a better view of an app's entire user base. DAU volume varies but MAU is more consistent. When comparing Pinterest with TWTR, also remember that Pinterest is working very hard at expanding its MAUs as well as its revenue base right now. More is better — for investors and the Street. TWTR, on the other hand, is an established company and currently is purging its app of all the bots and various other kinds of cybertrash that has accumulated over the years. That means its growth is slowing, but as a more mature company, we're getting a better picture of its real revenue, user base and profitability. This is an important difference. The market forces will change at some point for all companies — in young companies, the Street wants subscriber growth, and in more mature companies, it wants solid, expanding revenue streams. That's not to say that Pinterest isn't making money. Last year the company said ad revenue was approaching $1 billion. But the thing to remember is that TWTR works across platforms, so it can work with all the big social media apps. Pinterest can't; it will be on its own for now, which could be a good thing or a bad thing. My Portfolio Grader has TWTR as a B-rated stock right now. And a B in the hand is worth more than two in the IPO stage. Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| USD/CAD Eyes Breakout as Loonie Coils Posted: 11 Apr 2019 10:51 AM PDT Hits: 3 The Canadian Dollar is virtually unchanged against the US Dollar for the week as price continues to narrow within the confines of the larger consolidation pattern we've been tracking. These are the updated targets and invalidation levels that matter on the USD/CAD charts into the close of the week. New to Forex Trading? Get started with this Free Beginners Guide USD/CAD Daily Price Chart
Technical Outlook: In my latest USD/CADWeekly Technical Outlook we noted that price has continued to consolidate just below a critical resistance confluence at 1.3435/37–a region defined by the 61.8% retracement of the 2019 range and the 2017 yearly open. Note that the March trendline also converges on this zone and further highlights its technical significance. Interim support rests with the March 19th trendline (currently ~1.33) with broader bullish invalidation eyed at 1.3234/48 – a break / close below this threshold would be needed to validate the turn targeting the 200DMA at 1.3195. A topside breach of the formation exposes subsequent resistance objectives at the march highs at 1.3467 backed by the 78.6% retracement at 1.3537. Why does the average trader lose? Avoid these Mistakes in your trading USD/CAD 120min Price Chart
Notes: A closer look at Loonie price action shows USD/CAD trading within the confines of a near-term ascending pitchfork formation with the recent advance testing confluence resistance today at 1.3384/87 – where the weekly open, the weekly opening-range highs and the 61.8% retracement converge on the median-line. A topside breach above this pivot zone would once again target key resistance at 1.3435/37– look for a bigger reaction there IF reached. Initial support rests at 1.3360 backed by 1.3327 – an area of interest for possible price exhaustion. Learn how to Trade with Confidence in our Free Trading Guide Bottom line: The Canadian Dollar largely remains within the confines of a broader consolidation pattern just below key resistance with the weekly opening-range still intact heading into Friday. From a trading standpoint, the near-term risk remains weighted to the long-side while above 1.3327 but ultimately, we're looking for a break of the 1.3298-1.3437 range for guidance. For a complete breakdown of Michael's trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy USD/CAD Trader Sentiment
See how shifts in USD/CAD retail positioning are impacting trend- Learn more about sentiment! — Relevant US / Canada Economic Data Releases
Economic Calendar – latest economic developments and upcoming event risk. Learn more about how we Trade the News in our Free Guide! Active Trade Setups– Written by Michael Boutros, Currency Strategist with DailyFX Follow Michael on Twitter @MBForex https://www.dailyfx.com/free_guide-tg.html?ref-author=Boutros
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in your future! Tomorrow is 
," Wawa tweeted today.
Now it's back, with a new filing. At this point, it's setting its price at $15-$17 for 75 million shares. That's about a $10.6 billion total valuation. But in 2017, it had a financing round of $12.3 billion, so even its most optimistic stock pricing ($17 a share) would have it fall under that price.
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