EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
An opportunity to buy USD/CAD
Recommendation:
BUY 1.3005
SL 1.2950
TP1 1.31 TP2 1.3170 TP3 1.3270
On the daily chart, USD/CAD formed a “Broadening wedge”. A break of the upper border of the downtrend channel will increase the odds of a “Shark” pattern with targets at 88.6% and 113%. On the other hand, a pullback from the diagonal resistance will open the way down to 161.8% of AB=CD.
On h1 of USD/CAD, there’s a “Wolfe waves” pattern. If the pair gets above the diagonal resistance 2-4, bulls will be able to continue pushing the pair to 113% target of the “Shark”.
Ivan Karamazov
Similar
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
USD/CAD may be capable of more
USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
Latest news
Stock market: the earnings of Cisco, Nvidia, and Walmart
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Deposit with your local payment systems
