EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time
GBP/USD: pound may continue downtrend
Technical levels: support – 1.3340, 1.3240; resistance – 1.3450.
- Sell — 1.3410; SL — 1.3430; TP1 — 1.3340; TP2 — 1.3290.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market tested Kijuns’s resistance and returned to Monday’s lows.
USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.
On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...