Tag - usd

On the daily chart, the first attempt of GBP/USD to break above the downtrend channel failed.

On H1 of USD/CHF, bears are testing the lower border of the uptrend channel. Success will increase the odds of triggering the “Bat” pattern with a target at 88.6%.

On the daily chart, USD/CAD reached 127.2% and 200% targets of the senior and junior AB=CD. This increases the risks of a reversal.

The US dollar index is trading near the psychological level at $94.

This is the weekly Forex report by FBS…

On the daily chart, AUD/USD is forming 5-0 and AB=CD patterns. After reaching an interim target at 127.2% of the latter, there was a natural pullback. Bears keep hoping to reach 161.8% target.

On the daily chart of NZD/USD, a pin bar let bulls to counterattack. They are trying to form a double bottom and return the situation under control.

NZD/USD reversed from support zone Next buy target - 0…

On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.

Thursday mixed economic data didn’t let the US dollar index to break the psychological level at $95.

On the daily chart of USD/JPY, bears are still hoping on the formation of the “Bat” in case of a break below the lower border of the uptrend channel.

Here’s a trading plan for Thursday, June 21…