Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD is aiming for new highs
Recommendation:
BUY 1.3275
SL 1.3220
TP1 1.3375 TP2 1.355 TP3 1.3785
On the daily chart, GBP/USD pulled back after 88.6% target of the “Bat”. Bulls managed to defend 1.3050-1.3065 and play the Inside bar. The odds of AB=CD pattern and its 200% target increased.
On H1, GBP/USD rose from the upper border of the downtrend channel and support at 1.3085. This means that bulls are still having the initiative. They aim to continue the rally towards 161.8% of the “Crab”.
Ivan Karamazov
Similar
NZD/USD: is the correction over?
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.
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Latest news
Oil rally takes breath
Oil prices have been climbing up for a long time. What have stopped them?
EUR/USD: who gets what
There has been some movement in the EUR/USD chart. What's happening?
STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
Deposit with your local payment systems
