Bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with extremely falling lines.
USD/CAD: bulls retreat, but don’t give up
SELL 1.235 SL 1.2415 TP1 1.225 TP2 1.215 TP3 1.2050
BUY 1.251 SL 1.2455 TP1 1.2635 TP2 1.28 TP3 1.2855
On the daily chart, USD/CAD bears aim to resume the downtrend. To do that they need to attack support at 1.2350. Bulls can return to the game if they manage to push the US dollar above resistance at 1.2462.
On H1, if USD/CAD gets out of the descending channel and then triggers the “Bat” pattern, the odds of its going to 88.6% target will increase.
On the daily chart of AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened.
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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...