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Medium term USDCAD forecast is bullish. The technical analysis of the USDCAD chart in 4-hour timeframe reveals the USDCAD pair is retracing down. The pair is declining after a failed test of resistance line. EURCAD is expected to breach the resistance line and continue rising after the successful breach. There is a smaller likelihood USDCAD might fail again, declining further.

SUGAR broke down from the "Head and Shoulders" chart pattern. The current forecast is bearish.

Short term GBPJPY forecast is bullish. The technical analysis of the GBPJPY chart in 1-hour timeframe reveals the GBPJPY is climbing in the uptrend channel. It is highly likely that GBPJPY will reflect from the upper bound of the channel and reverse down afterward, while still remaining inside the channel.

EURUSD brоke through the Triangle chart pattern. The current forecast is bullish.

WHEAT broke out from the "Triangle" chart pattern. The current forecast is bullish.

XAUEUR forecast is bearish. The technical analysis of the XAUEUR chart in daily timeframe reveals the price of silver in euros is retracing down in the downward channel. It is highly likely that XAUEUR will reflect from the lower bound of the channel and reverse up afterward, while still remaining inside the channel.

SOYBM  breaked out from the technical analysis charting pattern — "Triangle". SOYBM is also located in the ascending parallel channel and is moving towards its resistance line. The current forecast is bullish.


EURCAD forecast is bearish. The technical analysis of the EURCAD chart in daily timeframe reveals the ERUCAD pair has failed to breach above the Fibonacci resistance level 23.6 and has retraced down. It is most likely the pair will breach below the support at Fibonacci 0.0 level and move lower. There is a likelihood however EURCAD may bounce off the support level, reversing up.

XAUCNH is creating a technical analysis charting pattern “Double bottom”, so the current forecast is bullish.

Short term GBPNZD forecast is bullish. The technical analysis of the GBPNZD chart in 1-hour timeframe reveals the GBPNZD pair has failed to breach above the Fibonacci resistance level 23.6, has retraced down but is rising for another test. There is a likelihood GBPNZD may reverse as it bounces off the Fibonacci 23.6 level again, however, a breach above that resistance level will reinforce bullish momentum...

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