On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
USD/CAD: loonie is starting to fight
Recommendation: SELL 1.326 SL 1.3315 TP1 1.316 TP2 1.305
On the daily chart of USD/CAD, the formation of the senior and junior AB=CD patterns provoked a pullback in line with the “Three moves” pattern. The pair formed an inside bar. The break of its lower border will allow bears to count on the continuation of the decline to support at 1.305.
On H1, USD/CAD formed 113% target of a “Shark”. Pullbacks towards 38.2% and 50% are usually used for selling. A break of resistance at 1.3355, on the other hand, will increase the risks of uptrend’s resumption.
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
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...