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USD/CAD

USD/CAD Breakdown: From Stop Hunt to Bearish Reversal Signals

USD/CAD recently saw a classic stop hunt, pushing price above key resistance near 1.3790 to trigger stops. However, this move lacked follow-through and quickly reversed, breaking support and signaling a bearish shift. Watch supply zones around 1.3740-1.3760 for selling pressure, with key support near 1.3650 and 1.3590 levels. Sellers appear to have regained control after the speculative climax. Full analysis by LordOfCharts: https://www.tradingview.com/chart/USDCAD/D8Cs5bb9-USD-CAD-From-Stop-Hunt-to-Bearish-Shift/

GBP/USD

GBP/USD Reverses Downward Trend with Bullish Engulfing Pattern; Could Spark New Upturn

GBP/USD has paused its recent selloff, carving a bullish engulfing candlestick on the daily chart—a classic signal that bears may be losing control. Supported near 1.2600, this pattern hints at a potential short-term reversal amid evolving UK fundamentals and shifting BoE expectations. Traders should watch key resistance levels around 1.2700–1.2800 for signs of sustained recovery or renewed selling pressure.

USD/CAD

USDCAD Breaks Bearish Structure After Liquidity Hunt: A Shift in Market Dynamics

USDCAD recently experienced a classic liquidity grab above recent highs near 1.3740, triggering stop orders before reversing. This stop hunt resulted in a break of structure, signaling a bearish market shift. Traders should watch key supply zones and fair value gaps for potential re-entry points as the pair adjusts to evolving economic and central bank dynamics. Analysis originally by @DojiAnt, expanded for deeper insight. #Forex #USDCAD #MarketStructure

EUR/USD

German Inflation Surges Beyond Expectations but EURUSD Holds Steady

German inflation in May 2024 slightly exceeded forecasts, with CPI rising 2.4 percent year-over-year, signaling persistent price pressures. Despite this, the EURUSD showed limited movement as markets await broader eurozone inflation data and ECB guidance before adjusting positions. More from XTB Research Team.
https://www.xtb.com/int/market-analysis/news-and-research/breaking-german-inflation-higher-than-expected-eurusd-muted

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