USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
USD/CHF: the franc is weak
BUY 0.996 SL 0.9905 TP1 1.006 TP2 1.018 TP3 1.04, BUY 1.0005 SL 0.995 TP1 1.0105 TP2 1.018 TP3 1.04
On the daily chart of USD/CHF, there is a transformation of the “Shark” pattern into 5-0. The rebound from the supports at the 23.6%, 38.2% and 50% levels from the CD wave is usually used to open long positions towards the 161.8% target of the AB=CD pattern.
On H1, bulls managed to reach the targets of the “Wolfe Waves” pattern. If the diagonal resistance between the 2 and 4 marks is broken, the “Broadening Wedge” pattern may be implemented. In that case, the pair can move further up.
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.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
Oil prices have been climbing up for a long time. What have stopped them?
There has been some movement in the EUR/USD chart. What's happening?