GBP / CAD Continues to decline inside the Uniform Triangle chart pattern Identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 4 bar level as a result of the Below average Initial Trend (4 bars), lower Clarity (2 bars) and substantial Uniformity (7
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With 4 hours MACD crossed above signal line, a temporary low is formed at the first 0173 and intraday bias is Turned neutral for the moment. Another case is mildly in favor with the first 0304 minor resistance intact. Below the first 0173 Will target lower trend line support (now at the first 0114) and Possibly Below. However,
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Union Finance Minister Agreed on boosting IMF resources by EUR 150B after a three-hour conference call yesterday. The joint statement said the thought That Could be provided through bilateral loans " " to the IMF’s General Resources Account. Germany Will Be The largest contributor Providing EUR 41st 5b while France Will Provide EUR 31st 4b.
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Intraday bias in GBP / JPY remains cautiously on the downside for the moment. Recovery from the 119th 37 Should Have finished at 122nd 56 already. Deeper decline Should be seen to retest the 119th 37 first. Break Will confirm resumption of cases from the 127th 30 Should the target and a test on 116th 83 low next. On the upside,
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EUR / USD ‘s consolidation from the first 3212 is still in progress and another recovery Could be seen to 4 hours 55 EMA (now at the first 3420). Nonetheless, we’d still expect upside to be limited by the first 3421/3614 resistance zone and bring another case. Below the first 3212 Will target a test on the first 3145 Support first. Break Will
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Price extended it’s correction higher to just above the 77th 50th We REMAIN with a structure That Could be Considered a complete correction but Could Also allow one more similar move higher. The boundaries here are at the 76th 80 on the downside and 77th 29 on the upside. At the moment there Seems to
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USD / JPY recovers mildly on oversold condition in 4 hours RSI. But with the 77th 87 minor resistance intact, fall from the 79th 52 is still in favor to continue for the 75th 56 low. On the upside, though, break of the 77th 87 mines resitanc3 goodwill indicator SUCH That case is finished and Should flip bias back to the upside for retesting 79th 52nd
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Intraday bias in USD / CHF remains neutral for the moment and more Consolidation Could be seen. But note That Will Remain another rise mildly in favor as long as the 0th 8922 minor support hold. Above the 0th 9152 Will target a test on the 0th 9315 first. However, the break of the 0th 8922 Will Signal That recovery from
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USD / CAD Continues to rise sharply after the completion of the extended Falling Wedge Chart Pattern Identified by Autochartist on the 240-minute charts. The length of this chart pattern is Equal to 126 Candles. Autochartist rates the overall Quality of this chart pattern at the strong 7 bar level as a
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