USD/CAD awaits US data
USD/CAD is another pair that has the potential to make significant moves in the near term.
NZD/USD: bears found a shark
Recommendation:
SELL 0.7225
SL 0.728
TP1 0.715 TP2 0.7105
On H1, the inability of the bulls to lead the pair outside of the descending channel and formation of the bar with the long upper wick points at buyers’ weakness. Realization of the inverted 5-0 pattern is delayed.
On H1, NZD/USD reached the targets if the “Widening wedge”, “Three Indians” and 1-2-3. If the pair renews correction low with the following decline below the lower border of an uptrend channel, risks of reaching 88.6% target of a Shark pattern will increase.
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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