The price of the S&P 500 index broke its downtrend, signifying a possible rise. Once the price of the index pulls back to the broken trendline, it could jump off the downtrend. Considering the possibility of a false breakout, we should rely on the candlestick patterns. The price of the index could reach the 2800 level soon:
The price of the EURCAD cross pulled back from the ascending channel in the weekly chart:
In the daily chart, the pair has formed an uptrend with engulfing. Therefore, the price could go up possibly, pull back to the middle point of engulfing, that is the level 1.5240, and then head North:
Please note that this material is provided for informational purposes only and should not be considered as investment advice. Trading in the financial markets is very risky.