On a daily chart of EUR/USD, the pair managed to break the support at 1.1430, which activated “Shark” and AB=CD patterns.
Tag - usd
Let's trade ahead of the weekend!
On Thursday, the evergreen buck jumped to a more than one-month maximum versus its counterparts, neglecting mostly bearish American economic data as a dive in the UK pound backed market sentiment…
Since the beginning of 2018, the Australian dollar has depreciated by 6-8% against major counterparts.
Thursday is not full of events, however, there is a chance to trade EUR/USD. Read the digest to get more clues!
Get the clues on trading EUR/USD, the US Dollar index and AUD/USD
On the daily chart of USD/JPY, bears have been testing the bottom line of the upward channel.
On Wednesday, the evergreen buck managed to hit a nine-week maximum versus a currency basket because the common currency dived on gloomy euro zone data and the UK currency was suppressed due to ongoing investor anxiety over Brexit…
On the daily chart of USD/CHF, the pair has been reaching targets of the reversed “Shark” pattern with the 113% target.
On the daily chart of GBP/USD, the pair reached targets of senior and junior 1-2-3 patterns, as a result, the pair came back to the downward channel.
How to trade USD/CAD, EUR/CAD, and GBP/CAD ahead of the BOC meeting.
Key focus for today is on the rate hike by the Bank of Canada. However, there is more news to attract traders attention!