EUR/USD: euro is choosing a way
On the daily chart of EUR/USD, bulls managed to lead the pair out of the downtrend channel. They want to trigger a “Crab” pattern with the target at 161.8% and a “Dragon”.
Tag - usd
Trading plan for July 6
Friday is full of economic events.
USD/CHF: franc is hunting a crab
USD/CHF keeps consolidating in the 0.9780-0.9995 range within the “Spike and ledge” pattern on the basis of 1-2-3. A break of its upper border will increase the odds of its getting to the 1.0195 target of “Wolfe waves” pattern.
Trading plan for July 4
On Tuesday, the US dollar index couldn’t break the psychological level at $95 again and turned to the support at $94.50.
USD/CAD: loonie is starting to fight
On the daily chart of USD/CAD, the formation of the senior and junior AB=CD patterns provoked a pullback in line with the “Three moves” pattern.
Weekly Forex Outlook: July 2-6
The USD index was at multi-month highs but once again failed to stay above 95…
AUD/USD: the aussie hunts the Shark
On the daily chart of AUD/USD, bulls are trying to counterattack and implement the “Shark” pattern with 88,6% target.
NZD/USD: the kiwi is going into the abyss
On the daily chart of NZD/USD, the pair is moving within the downward channel
Trading plan for July 2
The US dollar index couldn’t stick above $95 again.
EUR/USD: will the euro tame a dragon?
On the daily chart of EUR/USD, bulls are for the second time trying to counterattack and trigger the reversal pattern a “Dragon”.
USD/JPY: yen got lost
On the daily chart of USD/JPY, the inability of bears to pull the pair below the uptrend channel points at their weakness.
Trading plan for June 28
The US dollar index managed to recover and reach the psychological level at $95.
