On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
AUD/USD: the bulls will be given a third attempt
Recommendation: BUY 0,7625 SL 0,757 TP1 0,771 TP2 0,78.
On the AUD/USD daily chart, the implementation of the inverted Bat pattern continues. Its target 88.6% is located near 0.771. Bulls twice tried to test the resistance at 0.7612 but failed to do so. As a result, an internal bar pattern was formed. A successful test of its high may lead to the restoration of the uptrend.
On the AUD/USD hourly chart, there was a realization of the Dragon pattern. If quotes move beyond the triangle, the risks for the realization of the inverted Crab pattern with target 0.78 will increase.
On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.
Expanding bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
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...