On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened.
AUD/USD: bears left their lair
SL 0.808 TP1 0.794
On the daily chart, the inability of bulls to push the pair out of the uptrend channel and formation of the bar with a long upper wick points at their weakness. It strengthens the risks of correction at least to 0.7937-0.7954.
On H1, AUD/USD reached the targets of “Widening wedge”, “3 Indians” and 1-2-3. The break of support at 0.8028 and the pair’s leaving the uptrend channel will increase the risks of the pair reaching 88.6% target of the Shark pattern.
Recommendation: BUY 1225 SL 1210 TP1 1248 TP2 1255 TP3 1263 On the daily chart of XAU/USD, bears couldn't keep the pair within the 1185-1215 consolidation…
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
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...