On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/CAD: loonie got a free ride on Wolf wave
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.
On the daily chart of EUR/USD, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
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...