USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
XAU/USD: strong signals to buy gold
BUY 1237 SL 1222 TP1 1267 TP2 1287 TP3 1308
BUY 1205 SL 1190 TP1 1235 TP2 1245 TP3 1267
On the daily chart of XAU/USD, a retest of the upper boundary of the previous consolidation of 1,185-1,215 supported bulls. To continue the upward movement to the 161.8% target of the “Crab” pattern, the need to break the resistance at 1,245.
On H1, a combination of “Three Indians” and 1-2-3 patterns will increase risks of the fall, if the pair breaks the support at 1,212. However, a pullback won’t be deep. The “Wolfe waves” pattern signals that.
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.
There has been some movement in the EUR/USD chart. What's happening?
The US-China relations are getting more tensed over Hong-Kong. How does that affect the USD?