HomeLive CommentsDOW extending triangle pattern; EURJPY, EURGBP, USDCAD on the move

DOW extending triangle pattern; EURJPY, EURGBP, USDCAD on the move

Dow trading up over 1% at the time of writing, back above 25000 handle. It looks like price actions from 25800 are forming a triangle pattern. More upside would be in favor as long as 24217.76 support holds, for retesting 26616.71 record high.    Yen remains the strongest one today even though it’s paring some gains in the current 4 hour period. It’s followed by the resilient Sterling. Commodity currencies are generally weak.

A few technical development to note:-

EUR/JPY’s rebound from 129.34 could have completed at 132.40, heading back to 129.34.

EUR/GBP extending the fall from 0.8976 to 0.8771 support.

USD/CAD broken 1.3000 for rally resumption to 1.3065 fibonacci level.

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