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.





NZD/USD: bulls stabilize the trend

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.

USD/CNH: a trade idea

Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?

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GBP/USD: confirmed "Thorn" 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...


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