AUD/USD: bulls are betting on the triangle

AUD/USD: bulls are betting on the triangle

Recommendations:

BUY 0.7565 SL 0.751 TP1 0.7665 TP2 0.7775

SELL 0.745 SL 0.7505 TP1 0.737 TP2 0.735

On the daily chart of AUD/USD, there is a consolidation within the bearish trend. A break of upper boundaries of the ascending triangle and the downward channel will implement the “Shark” pattern with the 88.6% target.

audusd_d.png

On H1, the AUD/USD is moving within the 0.745-0.7565 channel.  A successful break of its upper boundary will let bulls to move upwards, a break of the bottom line will pull the pair to the 127.2% target of the “Perfect butterfly” pattern.

audusd_60.png

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USD/JPY: bears prepared a trap

On the daily chart of USD/JPY, bears are still hoping on the formation of the “Bat” in case of a break below the lower border of the uptrend channel.

EUR/JPY: inside bar will show the way

On the daily chart, EUR/JPY bulls are counting on the break of the upper border of the descending trend channel and advance to 88.6% target of the “Shark” pattern.

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USD/JPY: dollar is overbought

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

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