NZD/USD turned down
Last week NZD/USD made a significant thrust to the downside.
USD/CAD: triangle will be the judge
Recommendation:
BUY 1.251 SL 1.2455 TP1 1.264 TP2 1.28 TP3 1.2855
SELL 1.2375 SL 1.243 TP1 1.2275 TP2 1.22 TP3 1.2125
On the daily chart, USD/CAD keeps fighting for an important level of 1.2462. Near it the pair formed a triangle. The break of it will either allow bulls to count on the pair’s return to resistance at 1.2670 or, on the other hand, increase the risks of the bearish trend’s resumption.
On H1, USD/CAD there is a “Spike and ledge” pattern. A successful test of the upper or lower border of the 1.2375-1.2510 consolidation range will create grounds for a “Bat” pattern or AB=CD.
Ivan Karamazov
Similar
AUD/NZD: is it time for a correction?
AUD/NZD experienced an impressive rally since the end of March.
Stock market: insights for Citigroup
Citigroup stock jumped this week after the bank released its financial results for Q1.
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
