USD/CAD: price to test next resistance
There's a bullish 'Three Methods' pattern, which has been formed above the 55 Moving Average, so the price is approaching...
USD/CAD reached sell target 1.2600
- USD/CAD reached sell target 1.2600
- Next sell target - 1.2400
USD/CAD has been falling sharply in the last few trading sessions after the recent breakout of the support level 1.2600 (which was set as the sell target in our previous forecast for this currency pair). The breakout of the support level 1.2600 accelerated the already sharp intermediate downward impulse wave (3) from June – which belongs to the primary downward impulse wave Ⓒ from the start of May. USD/CAD is expected to fall to the next sell target at the next support level 1.2400 (target price for the completion of the active wave (3)).
Dmitry Chernovolov
Similar
GBP/JPY: all Moving Averages broken
It's likely that the market is going to continue falling down in the short term towards the previously tested support...
GOLD: price fixated below the 'Window'
There's a bullish 'Hammer', which hasn't been confirmed yet. Thus, it's likely that the market is going to test the next support...
Latest news
EUR/USD: local 'V-Top' pattern
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
GBP/USD: pound entered into channel Tenkan-Kijun
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C)
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…
Deposit with your local payment systems
