USD/CAD: loonie is fighting for the initiative

USD/CAD: loonie is fighting for the initiative

Recommendation:

BUY 1.3225

SL 1.3170 TP1 1.3300

TP2 1.3335 TP3 1.3420

On the daily chart, USD/CAD is fighting for the initiative near the correction high of the “Shark” pattern. If bulls win, the odds of getting to its 88.6% target will increase. On the other hand, bears victory will increase the odds of the pair’s return inside the descending channel.  

USDCAD Daily.png 

On H1, USD/CAD may trigger a “Widening wedge”. On the other hand, a rise above resistance at 1.3225 will increase the odds of the advance to 113% and 261.8% targets of the “Shark” and AB=CD.

usdcad_60.png

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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