EUR/USD: bears control the euro
On the daily chart, bears are in control. They are still hoping to push the pair to 200% target of AB=CD.
Tag - usd
Bullish USD/CAD is held by daily resistance
At the end of this week, USD/CAD pair is still in the bullish zone.
USD/JPY: yen is hunting for crabs
On the daily chart, bears are trying to keep USD/JPY inside the long-term downtrend channel.
Trading plan for Aug 16
The USD index rose to the highest level since June 2017 on Wednesday but then pulled back on Thursday.
GBP/USD: pound is suffering
On the daily chart, GBP/USD is forming a “Spike and reversal with acceleration”.
USD/CHF: franc showed weakness
Recommendation: BUY 0…
Will the GBP beat the USD or the EUR?
Increased worries about the no-deal Brexit pulled the pound down.
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.
Will Turkish lira keep falling?
USD/TRY opened the week with the gap up and rose to a new record high abive 7.00.
AUD/USD fell from the ledge
Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.
NZD/USD: kiwi fell
NZD/USD retested the neckline of the “Head and shoulders” and then went below the lower border of the 0.6710-0.6850 consolidation range.
Trading opportunities for Aug 13-17
It seems that August is going to be a very interesting and eventful month, and traders will have a lot of profit opportunities…
