On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
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, chances that the pair will reach targets of the “Head and Shoulders” pattern and the “Shark” pattern (88.6% target) are declining.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
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...