On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/CAD: bears want revenge
Recommendation: SELL 1.3265 SL 1.332 TP1 1.3165 TP2 1.3125 TP3 1.3045
On the daily chart, USD/CAD reached 127.2% and 200% targets of the senior and junior AB=CD. This increases the risks of a reversal. Formation of the “Three moves” pattern points to a potential correction.
On H1 of USD/CAD, there’s a “Spike and reversal with acceleration” pattern. A successful break of a trendline of the spike stage will trigger a “Shark” pattern with targets at 88.6% and 113%. The necessary condition for a change in trend is a decline of the pair to the trendline of the initial stage.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
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...