On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
AUD/USD: the aussie hunts the Shark
BUY 0.7435 SL 0.738 TP1 0.7535 TP2 0.7635
SELL 0.733 SL 0.7395 TP1 0.7265 TP2 0.723
On the daily chart of AUD/USD, bulls are trying to counterattack and implement the “Shark” pattern with 88,6% target. To do that, they need to break the resistance at 0.745 and pull the pair out of the downward channel. Conversely, if the pair breaks the June low, risks of an AB=CD pattern’s implementation will increase.
On H1, the 0.733-0.7435 consolidation is forming. An exit from the consolidation will determine the further direction of the pair.
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling 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...