On the daily chart of EUR/JPY, bulls and bears are fighting for the upper boundary of the downward channel.
USD/CAD: will 5-0 be realized?
BUY 1.3435 SL 1.3380 TP 1.3650
BUY 1.3375 TP 1.3320 TP 1.3525
On USD/CAD daily chart, the 5-0 and Wolf Waves patterns are in the process of realization. If "bears" manage to test support levels at 1.3435 and 1.334, the target of Wolf Waves pattern will be fulfilled. In contrast, the rollback from 50% and 61.8% levels of the CB wave in the Shark pattern will allow the "bulls" to count on the restoration of the long-term uptrend.
On USD/CAD hourly chart, correction of the bullish trend continues. The rollback may end within the 161.8% target of the "Crab" pattern. It corresponds to the lower border of the upward trading channel.
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.
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing.
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 remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...