Tag - usd

GBP/USD: pound is gaining strength
GBP/USD: pound is gaining strength

GBP/USD bulls are trying to lead the pair out of the descending channel, push it above resistance at 1.3215 and move higher towards the target of “Wolfe waves”.

USD/CAD: loonie made a trap
USD/CAD: loonie made a trap

On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel.

Weekly Forex Outlook: July 30 - August 3
Weekly Forex Outlook: July 30 - August 3

The US dollar does not want to give up and remains close to the highs of 2018. America enjoys solid economic growth despite trade tensions with other countries.

AUD/USD is breaking wedges
AUD/USD is breaking wedges

On the daily chart of AUD/USD, the attempt of bulls to trigger a “Bat” pattern and lead the pair out of the downtrend channel failed.

NZD/USD got into a cage
NZD/USD got into a cage

On the daily chart of NZD/USD, bulls tried to lead the pair out of the downtrend channel and trigger the “Bat” pattern but failed.

USD/JPY: yen entered a dead area
USD/JPY: yen entered a dead area

USD/JPY entered a dead area. Bulls are trying to return the pair inside the previous trade channel and continue the advance towards the 200% target of AB=CD.

EUR/USD: triangle stopped the euro
EUR/USD: triangle stopped the euro

On the daily chart of EUR/USD, the first attempt of bulls to lead the pair out of the descending triangle and trade channel failed.

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