CAD/CHF falling inside minor impulse wave 5

CAD/CHF falling inside minor impulse wave 5

  • CAD/CHF falling inside minor impulse wave 5
  • Next sell target - 0.7370

CAD/CHF continues to fall inside the minor impulse wave 5, which started earlier from the resistance zone lying between the key resistance level 0.7600 (former powerful support level from December) and the lower trendline of the wide daily down channel from September (acting as resistance after it was broken). The active impulse wave 5 belongs to the intermediate impulse wave (C) from the start of January. CAD/CHF is expected to fall toward the next sell target at the next support level 0.7370.

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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