Weekly Forex Outlook: August 27-31
Last week the US dollar continued its decline from August highs…
Tag - cad - canadian dollar
AUD/CAD falling inside minor impulse wave 5
AUD/CAD falling inside minor impulse wave 5 Next sell target - 0…
GBP/CAD reversed from long-term support level 1.6600
GBP/CAD reversed from long-term support level 1…
USD/CAD: loonie is taking off
USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
AUD/CAD reversed from key support level 0.9420.
AUD/CAD reversed from key support level 0…
Weekly Forex Outlook: August 20-24
The week won’t be notable with a big number of economic events.
Bullish USD/CAD is held by daily resistance
At the end of this week, USD/CAD pair is still in the bullish zone.
EUR/CAD reversed from long-term support level 1.4830
EUR/CAD reversed from long-term support level 1…
NZD/CAD falling inside minor impulse (v)
NZD/CAD falling inside minor impulse (v) Next sell target - 0…
USD/CAD: sellers lost the initiative
On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.
AUD/CAD broke support area
AUD/CAD broke support area Next sell target - 0…
AUD/CAD reversed from combined support area
AUD/CAD reversed from combined support area Next buy target - 0…
