On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle.
USD/CAD: loonie is losing grounds
TP1 1.2635 TP2 1.2535 TP3 172445
On the daily chart of USD/CAD, the inability of bears to keep the pair beyond the uptrend channel and reach 88.6% target of the “Shark” points at their weakness. Bulls counterattacked and aim to trigger AB=CD pattern with target at 127.2.
On H1, USD/CAD reached 113% target of the “Shark”. As a result, the risks of decline to 38.2%, 50% and 61.8% of the wave CD increased. To return in the game, bears need to pull the pair out of the uptrend channel.
On the daily chart of USD/CHF, the "Shark" pattern has been transforming to 5-0.
Narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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) Next sell target - 0…