On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
AUD/USD: bulls loosened their grip
TP1 0.7990 TP2 0.8050 TP3 0.8125
On the daily chart, AUD/USD is fighting for an important level – 78.6% of the wave CD of the 5-0 pattern. The necessary condition for an uptrend’s resumption is a confident advance above resistance at 0.8050. As long as the pair keeps trading above 0.7885-0.7895, bulls remain in control.
On H1, there’s a “Spike and reversal with acceleration” pattern. The pullback from the lower border of the uptrend’s channel and supports at 0.7895 and 0.7870 will allow speaking about the end of correction.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…