Technical analysis of the USD/CAD
EUR/USD: bullish 'Three Methods' pattern
Information is not investment advice
There's a bullish 'Hammer', which has been confirmed enough. Also, it's likely that we're going to have a bullish 'Three Methods' pattern. If so, we should watch the nearest resistance at 1.1304 by the upper 'Window' as the next target. The subsequent pullback from this level could lead to another decline in the direction of the closest support at 1.1148.
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USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
A bearish “engulfing” pattern was formed on the W1 chart of NZD/USD around the 38.2% Fibonacci retracement level of the July-October decline.