Forex review for July 19th

EURUSD

still trapped inside the trading range and testing the lower boundary of the range.

eurusd

USDJPY

is building a bearish wedge pattern just below the 61.8% Fibonacci retracement. A break above the fibo resistance could push price towards 108.

USDJPY

USDCAD

remains inside the long-term triangle pattern with upper boundary at 1.31 and lower boundary at 1.2850.

USDCAD

AUDUSD

has given a reversal signal last week and is approaching short-term support at 0.7450-0.7475. I prefer to take profits from short positions from 0.76.

AUDUSD

NZDUSD

much more downside expected towards 0.69 after breaking the upward sloping wedge.

nzdusd

USDX

has broken the short-term consolidation and is above its short-term resistance and previous high of 96.70 but has reached the upper channel boundary which is also an important resistance….

usdx

Thank you for taking the time to catch up on my thinking.

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