![USD/CAD: the loonie is waiting for the signal from the “wedge”](/storage/article/11587/preview/1KKVz9kxAqR0OTZA_640x320_q80.webp)
On the daily chart of USD/CAD, bears couldn’t break the support at 1.2885 and keep the pair below 1.296.
On the daily chart of USD/CAD, bears couldn’t break the support at 1.2885 and keep the pair below 1.296.
Let’s have a look at the economic calendar for the upcoming days.
The inability of bulls to stay in the previous consolidation range of 0.7320-0.7470 pointed at their weakness.
On the daily chart, NZD/USD keeps forming a “Head and shoulders” and AB=CD with a target at 161.8%.
On the daily chart, EUR/USD keeps forming a “Shakeout-Fakeout” pattern.
On the daily chart, USD/JPY bulls managed to lead the pair outside the long-term downtrend channel.
On the daily chart, GBP/USD keeps forming a “Spike and reversal with acceleration”.
On the daily chart of USD/CHF, a break of the lower levels of a triangle and the uptrend channel allowed bulls to seize the initiative and form a “Spike and ledge”.
How often do you check the weekly and monthly charts? Do you do this for many currency pairs? Whatever you are doing, you can certainly do more! Let’s have a look at some interesting long-term charts…
On the daily chart of USD/CAD, sellers attempted to trigger a “Bat” pattern with a target at 88.6%.
Fundamental and technical analysis for the major currency pairs…
Last week the US dollar continued its decline from August highs…
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!