Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…
On the daily chart of USD/CAD, bears tried to return the pair to the triangle many times but failed.
The US dollar index managed to rebound from the psychological level at $93.50. Up to now, it is trading near $93.65.
On the daily chart of NZD/USD, bulls managed to pull the pair out of the downward channel.
On the daily chart of AUD/USD, bulls failed to return the pair to the long-term upward channel.
Have you missed changes that happened to the currency market last week? Do you want to get clues on future movements of the major currency pairs? Watch our Forex outlook on the past week’s trading and have a look at the main events of this week…
USD/BRL rose to the highest level since March 2016. The selloff of Brazilian real has been very intense during the last 3 months.
The US dollar index continues its downward movement. It tested levels below $93.30. The next support lies at $93.
On the daily chart of USD/JPY, the “Shark” pattern is transforming into 5-0. After a correction to 50% of the wave CD, an advance above May high will open the way up to the pair.
Although Wednesday’s US economic data were positive, the greenback continues to lose positions.
Recommendation: BUY 1…
The US dollar index is falling. It is trading below $93.80. The support lies at $93.55.
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