USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
EUR/JPY: yen is hunting a “Bat”
TP1 127.7 TP2 127.2 TP3 126.2
On the daily chart of EUR/JPY, bears pulled the pair below an important support at 128.85 (38.2% of the long-term rising wave) and are trying to return it to the descending channel. If they succeed, the pair will likely go to 88.6% of the “Bat”.
On H1, EUR/JPY keeps forming a “Bat” with the 88.6% target. If it falls below support at 128.5, bears will count on triggering the AB=CD pattern.
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Oil prices have been climbing up for a long time. What have stopped them?
There has been some movement in the EUR/USD chart. What's happening?
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?