NZD/USD turned down
Last week NZD/USD made a significant thrust to the downside.
USD/CAD: loonie is hunting a shark
Recommendation:
SELL 1.2805
SL 1.286
TP1 1.269 TP2 1.2585 TP3 1.243
On the daily chart of USD/CAD, the pair pulled back after reaching 127.2% target of AB=CD. Bulls failed to keep the pair above the important area of 1.2914-1.2922. This points at their weakness. Triggering of the “Shark” pattern will increase the risks of correction towards 1.2685, 1.2580, 1.2430 and 1.2345.
On H1, a break of support at 1.2805 will trigger the “Shark” and AB=CD. Their targets of 113% and 224% are at 1.2585 and 1.269.
Ivan Karamazov
Similar
AUD/NZD: is it time for a correction?
AUD/NZD experienced an impressive rally since the end of March.
Stock market: insights for Citigroup
Citigroup stock jumped this week after the bank released its financial results for Q1.
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
