USD/CAD awaits US data
USD/CAD is another pair that has the potential to make significant moves in the near term.
EUR/USD needs correction
Recommendation: SELL 1.169 SL 1.1745 TP 1.1530
On the daily chart, there are patterns 1-2-3 and “Spike and reversal with acceleration”. The break of a trendline will increase the risks of correction towards the lower border of the trend channel. For the uptrend to resume, buyers need to conquer resistance at 1.1845 and then renew August high.
On H1, EUR/USD is forming a “Widening wedge” pattern. Break of support at 1.1690 will strengthen the risks of recoil towards 1.1500-1.1530. However, at first bears need to pull the pair below support at 1.1625-1.1650.
Ivan Karamazov
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USD/CHF after the breakdown
Last week USD/CHF broke below the uptrend support line of 2018.
Important levels for CHF/JPY
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.
Latest news
EUR/USD: no any reversal pattern so far
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
USD/JPY: the Dollar is under bears pressure
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.
USD/BRL is breaking down
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.
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