Technical analysis of the USD/CAD
GBP/USD: bullish 'Doji' and 'High Wave'
Information is not investment advice
There're bullish patterns such a 'Doji' and a 'High Wave', which has been confirmed by the last 'Three Methods'. At the same time, we've got a bearish 'Harami', but this pattern hasn't been confirmed yet. Thus, it's likely to have a local correction towards the Moving Averages. If these lines act as support, bulls will probably try to reach the previously tested resistance at 1.3217.
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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.