USDCAD fails at the neckline and still needs to confirm a bullish reversal pattern.
PositionMarket Analyst
JoinedJul 17, 2020, 13:35 BST
Articles798
Mircea, MBA in International Business graduating Magna Cum Laudae, trades for a living and contributes to various financial publications for more than six years. He writes about macroeconomics, stock indices, currencies, and most recently ETFs and individual stocks.
For the past decade, he’s involved in everything trading related, mostly in the currency market, both with manual and algorithmic trading.
EURUSD bounces from the lows in the FOMC aftermath.
Bullish triangle on the GBPCHF cross points to higher values.
EURJPY triple top points to a bearish outlook.
EURGBP hovers around the 0.90 pivotal level looking for direction.
Bearish EURUSD scenario providing the pair closes below 1.17 area.
Dow Jones finds buyers at every dip, threatening to make a new all-time high.
Falling wedge on USDCHF 4h chart puts pressure on bears.
Bitcoin looks bearish above $10,000 and threatens to break support.
OPEC slashes demand estimates sending a bearish vibe over the crude oil price.
Bullish USDCAD scenario points to 1.34.
Bullish reversal pattern on the dollar index calls for more gains ahead.









