// Market Movers: EURUSD, USDCAD & Gold for August 8th, 2017
TWP focuses on 3 markets: USDCAD After a long move down USDCAD starts to show some strength on the daily chart. But is the move down truly over or is it just a bull trap setting up? EURUSD After last week's discussion of EURUSD we want to see how the market has moved on and if we can identify potential price targets for the next few days. Apart from reading price action with the help of candle sticks we we will use Fibonacci retracements to scan for clusters. Gold Gold seems to be on the move on the daily chart. But is there a tradeable setup yet? We will have a look at different timeframes to illustrate the importance of having multiple timeframes in sync. Nadex Risk Disclaimer Trading on Nadex involves financial risk and may not be appropriate for all investors. The information presented here is for information and educational purposes only and should not be considered an offer or solicitation to buy or sell any financial instrument on Nadex or elsewhere. Any trading decisions that you make are solely your responsibility. Past performance is not indicative of future results. Nadex instruments include forex, stock indexes, commodity futures, and economic events. Nadex binary options and spreads can be volatile and investors risk losing their investment on any given transaction. However, the limited-risk nature of Nadex contracts ensures investors cannot lose more than the cost to enter the transaction. Nadex is subject to U.S. regulatory oversight by the CFTC.
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