USD/CAD: bulls pull the pair up
On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
USD/CAD: loonie got a free ride on Wolf wave
Recommendations:
hold shorts (SELL 1,365 SL 1,3705 TP1 1,3525 TP2 1,337),
BUY 1,3435 SL 1,338 TP 1,365.
On the USD/CAD daily chart, "Wolf Waves" pattern is in the process of realization. The main scenario is to develop correction towards 50% or 61.8% levels of the CD wave with a subsequent rebound. To continue the downward movement bears need to test the support at 1.3435.
On the USD/CAD hourly chart, the breakout of support at 1.365 increased the risks for implementation of 161.8% target in the Crab pattern. It corresponds to the lower border of the upward trading channel.
Anastasia Mileshkina
Similar
XAU/USD: the gold is strong
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
AUD/USD: the AUD plans its further movements
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
Latest news
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...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
