
AUD/CAD reversed from support zone Next buy target - 1…
In-depth technical & fundamental analysis for currencies & commodities
AUD/CAD reversed from support zone Next buy target - 1…
NZD/CHF reached buy target 0…
The price is consolidating along the 89 Moving Average, so there's a bearish "Doji", but this pattern hasn't been confirmed yet.
The price has been consolidating since the last "Inverted Hammer" formed. However, we've got a "High Wave at the local low.
We've got a "Double Bottom", which has been confirmed. Bulls faced resistance at 1.2793.
There's a consolidation, which is taking place between the levels 1.1234 - 1.1161. Also, the price broke the Moving Averages.
On the daily chart, GBP/USD broke down through the lower border of the rising trend channel…
EUR/CAD approached support level 1…
USD/CAD broke pivotal support level 1…
We've got a "Harami" on the 89 Moving Average, but this pattern hasn't been confirmed yet.
There's a developing consolidation, but we've got a confirmed "Inverted Hammer" on the 55 Moving Average.
There's a diagonal triangle in wave (v) of [c], so wave 2 may be ended. In this case, we're likely going to have wave (i).
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