USD/CAD: 55 Moving Average acting as support
There's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case...
EUR/CHF on its way to extend the corrective move
The pair is looking to make a lower extension below the 200 SMA at H1 chart and now it’s challenging the lows from April 25th. If such levels give up in favor of the bears, the pressure on the pair would help to make a testing of the Fibonacci zone of 50% at 1.1885, where bulls could gather momentum. The overall target remains in place at 1.2060, where is located the Fibonacci level of -23.6%. However, we cannot discard a fall to test the 1.1850 area.
RSI indicator remains in the oversold territory, calling for a rebound in coming hours.
Felipe Erazo
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EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
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