USD/CAD is another pair that has the potential to make significant moves in the near term.
BTC/USD will meet resistance
SELL 8220; TP 7630; SL 8450
BTC/USD slipped at the beginning of June. During the recent days, it has found support in the $7,550 area and tried to recover. However, the cryptocurrency has violated the March-May trendline support. We expect that Bitcoin will meet resistance on the attempt to recover to $8,350 (May 16 high). The 50- and 100-period MAs on H4 are about to form a “dead cross” - this confirms the resistance. If our predictions turn out to be true, we’ll target the $7,600 area for selling.
Last week USD/CHF broke below the uptrend support line of 2018.
CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.