Recommendation: BUY 0…
USD/CAD: bulls took a pause
TP1 1.2715 TP2 1.292 TP3 1.324
On the daily chart, bulls decided to take a pause after reaching the maximal level since the end of August. Until then, as long as the quotes are above support at 1.2462 (23.8% of the last medium-term term descending wave), buyers remain in control of the pair.
On H1, USD/CAD pulled back down after reaching resistance at 88.6% of the last descending wave and 161.8% target of AB=CD. To resume the uptrend bulls need to push the pair above 1.2595.
On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…