On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
USD/CAD: loonie was stopped by an inside bar
BUY 1.2445 SL 1.239 TP1 1.2545 TP2 1.267
SELL 1.2375 SL 1.242 TP1 1.2275 TP2 1.21
On the daily chart, USD/CAD bears managed to lead the pair outside of consolidation range of 1.2670-1.2895. This increases the risks of the downtrend’s resumption. In the short-term traders can use the inside bar.
On H1, USD/CAD after playing out the “Widening wedge”. The pair formed a short-term consolidation range at 1.2375-1.2445. It would be wise to use breakout strategies.
On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.
Expanding bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
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...