On the daily chart, EUR/GBP has been stuck in the 0…
USD/CAD: loonies is resuming the trend
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.
On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.
Bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun.
Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.
USD/CAD rising inside minor impulse wave 3 Next buy targets - 1…