USD/CAD: loonie came closer to the Rubicon

USD/CAD: loonie came closer to the Rubicon

On the USD/CAD daily chart, the bulls managed to hold their positions at 1.3306 (38,2% from the last long-term downward wave) and launch a counterattack.A breakout of the support at 1.3405 will lead to the continuation of the rally towards the upper boundary of the downward trading channel (1.35-1.3525).  

On the USD/CAD hourly chart, the further dynamics of the movement of the pair will depend on the test of the diagonal support located near 1.34. If it is tested successfully it will lead to the implementation of the 113% target in the Shark inverted pattern, A failure to do so will lead to the development of consolidation in the range of 1.325-1.34. 

Recommendation: BUY 1,34 SL 1,3345 TP 1,3525.





USD/CAD: loonie is taking off

USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.


EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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