USD/CAD: bulls are launching an attack

USD/CAD: bulls are launching an attack


SELL 1.3465

SL 1.3520

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.



USD/JPY: Dollar will continue downtrend

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak goldean cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the weak Kijun’s support.

AUD/USD: aussie under strong resistance

Bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; a market is overbought and under the strong resistance of 0.8030.

USD/JPY: Dollar in correction to Cloud

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is in correction phase.


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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