Small change to the slope line, Modified Pitchfork (Channel) looks a little nicer. Area of Week Open-June Low intersects with slope line.
If Euro could manage to get a daily close above 1.1450, I am expecting a very sharp move higher into 1.1550-1.1600. Intraday Chart. Entry point to get into euro madness. Entry @ week open - 1.14. Break of weekly opening range will give clarity.
Bearish entry between .9400-9430. Target 2018 Low @ .9200 Stop @ .9460 12-Hour Chart.
Back @ support, line up with descending channel and Fib. Monthly Chart
Fundamental perspective on EUR/CAD. -EURO 0% interest rate -CANADIAN DOLLAR 0.25% interest rate -Devalued US Dollar, means higher commoditie prices. Canada is a net Oil exporter- Europe is a net Oil importer, this is beneficiary for the Canadian Dollar. Weekly Chart Daily Chart
Possible descending Pitchfork intersects with horizontal resistance.
CADCHF broke descending slope line on wednesday. Possible target April/May high area.
Expecting a rejection from ~1.7960 (LDC, July Open and 61.8 retracement of yesterdays range.), back to yesterdays high
It looks like GBP/AUD finally bottomed out after three months of immense selling pressure. Higher High, Higher Low structure on daily Chart, July Open & LDC of 2020 act as a floor (for now). Monthly Chart.
Target June Low Stop 1.07 For more details look related ideas below.
GBP/JPY (on higher timeframe) trades within an ascending Schiff Pitchfork. Intraday it is respecting descending Pitchfork, lower parallel is coming up again with confluence of horizontal support. 12-Hour Chart
Aussie/Kiwi respected confluence area of July Open and descending Pitchfork. Target the median line. Daily Chart
Australian dollar move looks over extended, rejection lower likely outcome.
Confluence area between 1.3575-1.3585 Target 2019 Open