Technical analysis for USD/CAD is showing that the price reached the 2nd target of the 3rd bearish daily wave around 1.2420, it went as low as 1.2365, which is a…
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currencies
EUR/CAD Technical analysis, the pair broke below the key support level at 1.5050, accelerating the bearish momentum
Technical analysis for EUR/CAD is showing that the price broke below the key support at 1.5050, confirming the 3rd weekly bearish wave. The first target of this bearish weekly wave…
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FXCM dollar index – Technical analysis, trading in a range, form descending triangle on the 4H chart
Technical analysis for the FXCM dollar index is showing that the price is trading in a range and form a descending triangle on the 4H chart. Break above the descending…
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FXCM dollar index – retesting the breakout area, which is now a support zone on the daily chart
Not much changed in the past week. After the initial breakout in the weekly and the daily charts, the price pulled back to retest the breakout. The first target of…
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EUR/USD – extending the bearish run on the daily chart after a break below the previous low
The pair broke below the previous daily low, below 1.1952, extending the daily bearish run. The first target of this bearish run is at 100% FIB extension around 1.1840, the…
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NZD/USD – formed tweezer tops on the monthly chart rejecting resistance
The pair formed tweezer tops on the monthly chart, high-test candle on the weekly chart, which materializes as an ABC pullback on the daily chart. The price reached both horizontal…
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AUD/USD – Technical Analysis. ABC daily pullback reached support on the weekly chart
The pair broke below the previous daily low, extending the daily pullback to an ABC pullback. The price is sitting on the 0.386 FIB retracement and on ascending trend line…
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GBP/USD – ABC pullback on the daily reached support
The pair reached the first target of the weekly bullish wave at 1.272 FIB extension around 1.4040, formed a high-test candle on the weekly chart, and started a pullback. This…
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AUD/CAD – closed with high-test candle on the monthly chart forming tweezer tops
The pair closed with another high-test candle on the monthly chart, forming tweezer tops. On the weekly chart, the price breaks below the previous weekly closing low, a hint for…
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DXY dollar index – broke above previous daily high extending the pullback on the daily chart
The index broke above previous weekly and daily high, extending the pullback on the daily chart. The first target for this daily bullish run is at 1.272 FIB extension around…
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FXCM dollar index – broke above descending wedge weekly charts
The index broke above descending wedge on the weekly, and the daily charts and above the previous daily and weekly high. The first target for this breakout is at 1.272…
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FXCM dollar index bounced strong, closing with bullish engulfing on the weekly chart
Despite the strong bullish momentum from the last week and the closing with a bullish engulfing candle on the weekly chart, the price reached resistance, and we need further price…
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