USD/CAD: loonie aims for a break
On the daily chart of USD/CAD, bears launched an attack thanks to the formation of “Three Indians” and 1-2-3.
Tag - cad - canadian dollar
Weekly Forex Outlook: August 6-10
Let’s start with a look at the economic calendar for the upcoming days.
GBP/CAD broke strong support level 1.7040
GBP/CAD broke strong support level 1…
NZD/CAD broke support level 0.8850
NZD/CAD broke support level 0…
AUD/CAD falling inside wave (2)
AUD/CAD falling inside wave (2) Next sell target - 0…
CAD/JPY broke resistance level 85.60
CAD/JPY broke resistance level 85…
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.
CAD/CHF reversed from resistance zone
CAD/CHF reversed from resistance zone Next sell target - 0…
AUD/CAD broke support zone
AUD/CAD broke support zone Next sell target - 0…
EUR/CAD broke support area
EUR/CAD broke support area Next sell target - 1…
CAD/CHF reversed from support zone
CAD/CHF reversed from support zone Next buy target - 0…
USD/CAD: the loonie follows the “Bat”
On the daily chart of USD/CAD, bears try to counterattack and implement the “Bat” pattern.
