USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
USD/CAD: loonies is resuming the trend
Recommendations:
SELL 1.2555
SL 1.261
TP1 1.2455 TP2 1.2345
On the daily chart of USD/CAD, there is a continuation of the “Shark” pattern. Bears are trying to pull the pair out of the middle-term uptrend channel and to recover the long-term downtrend. Firstly, the need to break the support at 1.258.
On H1, there are junior and senior “Shark” patterns. Their 88.6% and 113% targets form the 1.234-1.238 convergence. The pair needs to break the bottom line of the 1.2555-1.262 consolidation to reach the convergence.
Ivan Karamazov
Similar
GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
XAU/USD: a short-term trade
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
Deposit with your local payment systems
