Expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are supported by Cloud, Tenkan-sen and Kijun-sen and a market is ready to go higher.
EUR/CAD falling inside minor corrective wave (ii)
- EUR/CAD falling inside minor corrective wave (ii)
- Next sell target - 1.4960
EUR/CAD continues to fall inside the minor corrective wave (ii) – which started earlier from the strong resistance area lying between the resistance levels 1.5250 (which stopped the previous intermediate impulse wave (1) in June) and the upper daily Bollinger Band. EUR/CAD is expected to fall to the next sell target at the next support level 1.4960 (target price for the completion of the active wave (ii)).
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…