EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
CAD/JPY: a pattern has emerged
Information is not investment advice
It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements. The pair broke below the neckline in the 82.40 area on Friday. On Monday, the price attempted to get higher but the neckline provided resistance.
CAD/JPY is also trading below the 38.2% Fibonacci retracement of the January-March advance. As a result, the levels to target on the downside lie at 81.35 (50% Fibo) and 80.45 (61.8% Fibo).
Elizabeth Belugina
Similar
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
Popular
EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
Choose your payment system
