USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
GBP/USD: pound on new lows
Technical levels: support – 1.3040; resistance – 1.3100, 1.3140.
- Sell — 1.3100; SL — 1.3120; TP1 — 1.3040; TP2 — 1.2920.
Reason: expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market reached the new lows and now in correctional movement to the Tenkan-sen.
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?