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Recommendation:
SELL 0.7515
SL 0.7570
TP1 0.7460
TP2 0.743 TP3 0.7415
On the daily chart, after reaching 88.6% target of the “Shark”, it’s transforming into 5-0. A pullback from 23.6% of the wave CD allowed to form short positions. To resume the downtrend, bears need to bring the pair to support at 0.7445 and 0.7410.
On H1 of AUD/USD, sellers are testing the lower border of the uptrend channel. If they succeed, the pair will trigger the “Bat” pattern with a target at 88.6%.
On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.
On the daily chart of AUD/USD, bears managed to move the pair out of the upward channel.
Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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