Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/CHF: franc is hunting a crab
Recommendation: SELL 0.9895 SL 0.995 TP1 0.9825 TP2 0.9785
On the daily chart, USD/CHF keeps consolidating in the 0.9780-0.9995 range within the “Spike and ledge” pattern on the basis of 1-2-3. A break of its upper border will increase the odds of its getting to the 1.0195 target of “Wolfe waves” pattern. The formation of several inside bars points at uncertainty.
On H1, USD/CHF formed a triangle. A break of its lower border will allow bears to count on triggering on the “Crab” pattern with target at 161.8%. To continue the advance, bulls need to push the pair above resistance at 0.9990.
Ivan Karamazov
Similar
NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Latest news
Top 4 promising stocks by Morgan Stanley
Despite the uncertainties, MS sees some stocks continue beating their records. Check them out!
GBP: expect turbulence in June
The British pound entered summer higher against USD and EUR. What’s the reason?
USD/JPY: 2-week channel under question
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
Deposit with your local payment systems
