Expanding bullish Ichimoku Cloud with rising Senkou Span A; a newgolden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
AUD/USD: bulls gave up
SELL 0.7715 SL 0.7770 TP1 0.7615 TP2 0.7570 TP2 0.7525
SELL 0.7650 SL 0.7705 TP1 0.7550 TP2 0.7525
On the daily chart of AUD/USD, the inability of bulls to keep the pair inside the long-term uptrend channel with the following decline of the pair below the important support area of 0.7745-0.776 showed that buyers gave up. A break of support at 0.7635-0.774 will lead to the further decline to 161.8% target of AB=CD.
On H1, after AUD/USD reached 88.6% of the “Shark” pattern, the odds of s pullback to 38.2%, 50%, and 61.8% increased.
Extremely narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden 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...