GBPCAD has been pressing a channel top. Could be a great spot for the pair to dip. Yellow spots will offer some support. Some strong support levels below the channel. Wouldn't surprise me to see channel break on a retest of those levels.
Channel still holding on the EURUSD. The trend angle line duplicated to the end of the last minor wave has been breached and retested. Its a good indicator that the current move could be over. If EURUSD was going to go in USD favor, this would be a great place to start building a position in my opinion.
EURUSD has hit a major yearly pivot point at the R2 level. This level is also a monthly R1 level. I would expect to see some selling back to the 1.1900 area where some support maybe found. With the hurricanes going on, I would be cautious buying usdollar till its over.
EURUSD just broke the neckline of a head and shoulders pattern. Pair is also pivoting off a yearly and quarterly pivot point cluster. Only obstacle is the yearly pivot level, if that breaks, I expect the head and shoulders measured move to happen which will also fill the GAP many FX brokers have on their charts. Yearly pivot could act as a pullback area to the ...