EUR/JPY: uncertainties around the euro
On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/CAD: the loonie follows the “Bat”
Recommendation:
SELL 1.311
SL 1.3165
TP1 1.301 TP2 1.2915 TP3 1.2795
On the daily chart of USD/CAD, bears try to counterattack and implement the “Bat” pattern. Its 88.6% target corresponds to 1.2795. First of all, bears need to break supports at 1.311 and 1.3055 and pull the pair out of the upward short-term channel.
On H1, there is the strong bullish trend. To counterattack, bears have to break the support at 1.311 and implement the AB=CD pattern.
Ivan Karamazov
Similar
EUR/USD: let’s sell the pair
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.
EUR/GBP: a good chance for the euro
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
Latest news
GBP/USD: confirmed "Thorn" pattern
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: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
