USD/CAD: the loonie follows the “Bat”

USD/CAD: the loonie follows the “Bat”


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.



NZD/USD: bulls stabilize the trend

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.

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Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?

Latest news

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