USD/CAD: the loonie is waiting for the signal from the “wedge”
On the daily chart of USD/CAD, bears couldn’t break the support at 1.2885 and keep the pair below 1.296.
Tag - usd
Weekly Forex Outlook: September 3-7
Let’s have a look at the economic calendar for the upcoming days.
AUD/USD: bears send Aussie to the bottom
The inability of bulls to stay in the previous consolidation range of 0.7320-0.7470 pointed at their weakness.
NZD/USD got disappointed
On the daily chart, NZD/USD keeps forming a “Head and shoulders” and AB=CD with a target at 161.8%.
EUR/USD: bulls made a stop
On the daily chart, EUR/USD keeps forming a “Shakeout-Fakeout” pattern.
USD/JPY is preparing for an attack
On the daily chart, USD/JPY bulls managed to lead the pair outside the long-term downtrend channel.
GBP/USD: bulls are preparing another test
On the daily chart, GBP/USD keeps forming a “Spike and reversal with acceleration”.
USD/CHF: franc wants more
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”.
Long-term charts you should look at
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…
USD/CAD: Canadian dollar is in charge
On the daily chart of USD/CAD, sellers attempted to trigger a “Bat” pattern with a target at 88.6%.
Webinar "WEEKLY MARKET OUTLOOK"
Fundamental and technical analysis for the major currency pairs…
Weekly Forex Outlook: August 27-31
Last week the US dollar continued its decline from August highs…
