USD/CAD: will the triangle stop bears?

USD/CAD: will the triangle stop bears?


BUY 1.2165

SL 1.211

TP1 1.229 TP2 1.2365

On the daily chart, USD/CAD approached 200% target of AB=CD. If bears manage to conquer support at 1.2045, risks of continuation of the decline to 1.1960 and 1.1820 will increase. On the other hand, pair’s return above resistance at 1.2185 will create grounds for a correction.


On H1, USD/CAD formed a triangle. A break of its upper border will increase the possibility of a pullback towards the lower and the upper border of the earlier gap.




GBP/USD: pound still supported by Cloud

Expanding bullish Ichimoku Cloud, but falling Senkou Span B(!); a golden cross of Tenkan-sen and Kijun-sen; the market supported by Cloud, but the Bulls can’t continue an existing uptrend.



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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