7/16 Market Analysis
Yesterday there was news about the implementation of the yield curve control in Canada.
Today I would also like to take a look at the Canadian dollar chart.
With it being earnings season, the index rose from the Tokyo market open, and the Dow in particular recovered to the 27,000-dollar level.
There was selling pressure in the NY market, but the downside has held firm.
This article does not issue buy or sell timing or recommendations.
Please make your own investment decisions.
Fibonacci extension has extended to 1.786 and a consolidation period is likely for several days.
However
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