USDCAD fell back to the bottom of it's consolidation range this week due to Dollar weakness.
After USDCAD broke out of a falling wedge, it has found support on previous resistance level.
The gold peaked twice at 1739 and started to fall amid a bearish butterfly formation. Gold continued its bullish stance from the previous week as it climbed steadily in the first 2 trading days last week.
The dollar climbed but wiped out most gains after facing strong resistance at 100.30, a breakdown area of a previous inside bar formation. At the beginning of last week, the price continued to fall and broke lower.
Dow Jones continued to climb and broke previous high 23900 last Friday as the market reopened with a huge upward gap. The price has ranged throughout the week and lower highs started to form too.
The dollar completed 2 minor bullish waves and started to fall last week. Looking at the bigger picture, the dollar actually started to fall again from the top of the near 2-year rising channel. T
EURUSD was unable to form lower lows this week, and has found support at previous demand zone.
USDCAD continued it's downtrend this week, after facing strong resistance at 4 years high.
EURUSD resumed its downtrend after a week of retracement, finding resistance at 61.8 fibo level.
USDCAD has been trading in a consolidating range this week, forming a triangle pattern.