Friday will bring important economic data for the British pound the US dollar.
Tag - forex signals
As a result, risky assets still have chances to appreciate.
Check how to trade USD/CAD and CAD/JPY on January 9.
Canadian trade balance data is scheduled for today!
What opportunities the week will give us?
On the daily chart of EUR/GBP, there is the transformation of the "Shark" pattern into the 5-0 one.
On the daily chart of EUR/USD, bulls try to break the upper border of the 1.1265-1.1445 consolidation range, which was formed as a part of the "Spike and Ledge" pattern's implementation.
Trade signals on December 26
On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.
On the daily chart of USD/JPY, bears managed to reverse the uptrend due to the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination.
On the daily chart of EUR/JPY, the implementation of the "Spike and Ledge" pattern, in particular, the fall of the pair below the lower border of the "ledge" between the 127.6 and 129.25 levels, made the pair reach the 88.6% target of the "Shark" pattern.
On the daily chart of GBP/USD, bulls try to push the pair back within the triangle's borders and implement the "Wolfe Waves" pattern.