Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
USD/CAD: bulls are launching an attack
TP1 1.3305, TP2 1.3160.
On the daily chart, USD/CAD recoiled from the diagonal support in form of the lower border of the rising trend channel. Bulls counter-attacked, conquered resistance at 1.3305 and are trying to hold the pair above this level. At the same time, large shorts are located at 1.3465 and 1.3525. Unless there’s a break higher we shouldn’t expect a resumption of an uptrend.
On H1 advance towards 1.3460-1.3470 and 1.3495 (88.6% target of the “Bat” pattern) should be used for opening short positions.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
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...