Check USD/TRY
USD/TRY has moved sharply down this week falling to the support line since the end of November.
USD/JPY: new lows of Dollar
Technical levels: support – 108.00; resistance – 108.90.
Trade recommendations:
- Sell — 108.50; SL — 108.70; TP1 — 108.00; TP2 — 107.30.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market had returned to resistance of Tenkan-sen and Kijun and may continue the downtrend.
Tatyana Norkina
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The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
EUR/CAD is near support
EUR/CAD has approached the support line from the end of October.
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The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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AUD/CAD falling inside impulse waves 3 and (C)
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