The stock of Cisco formed a doji “shooting star” candlestick on the weekly chart.
USD/CAD: loonie is rolling into the abyss
On the USD/CAD daily, taking advantage of the weakness of the bears, the bulls broke the upper border of the downward trading channel and restored the uptrend. If they manage to keep quotes above 1.357, they might extend the rally towards 1.384.
On the USD/CAD hourly chart, the expanding wedge pattern was realized. This allowed us to open long positions and lock in their profits. The immediate support is located near 1.3525. Previously, it was a resistance. Target 161.8% in the AB = CD pattern is still relevant.
Recommendation: BUY 1,3525 SL 1,347 TP 1,372.
On D1, the pair formed a bearish “shooting star” candlestick ahead of the resistance line from December high.
Facebook rose on a positive earnings report. Will the stok manage to sustain the upside?
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…