USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
USD/CAD: the loonie rebounded from the bottom
Recommendation:
SELL 1.3155 SL 1.321 TP1 1.3055 TP2 1.3025 TP3 1.3
On the daily chart of USD/CAD, the targets of "Shark" (88.6%) and "Wolfe Waves" patterns were implemented. After that, there was a logical reversal as a part of the "Shark" pattern's transformation into 5-0. The further direction of the pair depends on the bulls' ability to hold the supports at 38.2%, 50% and 61.8% from the CD wave.
On H1, bears managed to move the pair out of the upward channel. It activated the "Shark" pattern and showed the strength of bears.
Ivan Karamazov
Similar
GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
XAU/USD: a short-term trade
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
Deposit with your local payment systems
