Tag - usd

GBP/USD bulls are trying to lead the pair out of the descending channel, push it above resistance at 1.3215 and move higher towards the target of “Wolfe waves”.

On the daily chart, USD/CHF keeps consolidating in the 0.9855-0.9995 range within the previous uptrend channel.

On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel.

The US dollar does not want to give up and remains close to the highs of 2018. America enjoys solid economic growth despite trade tensions with other countries.

On the daily chart of AUD/USD, the attempt of bulls to trigger a “Bat” pattern and lead the pair out of the downtrend channel failed.

On the daily chart of NZD/USD, bulls tried to lead the pair out of the downtrend channel and trigger the “Bat” pattern but failed.

USD/JPY entered a dead area. Bulls are trying to return the pair inside the previous trade channel and continue the advance towards the 200% target of AB=CD.

On the daily chart of EUR/USD, the first attempt of bulls to lead the pair out of the descending triangle and trade channel failed.

The US dollar index has managed to recover after a significant fall.

On the daily chart of USD/CHF, bulls failed to pull the pair out of the upper boundary of the 0.9855-0.9995 consolidation.

On the daily chart of GBP/USD, the pair keeps reaching targets of the “Wolfe waves” pattern.

It’s a forecast for July 25.