Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
AUD/USD: trade signals
BUY 0.7585 SL 0.753 TP1 0.765 TP2 0.769 TP3 0.7775
SELL 0.7535 SL 0.759 TP1 0.747 TP2 0.7435
On the daily chart, AUD/USD reached the 200% target of AB=CD and bulls managed to counterattack. This time, a pin bar helped them. To continue the rally to 88.6% target of a “Shark”, buyers need to pull the pair above 0.7585 and lead the pair out of the downtrend channel.
On H1, AUD/USD in line with the short-term uptrend formed a reversal 1-2-3 pattern. A break of support at 0.7535 will increase the odds of the decline to 88.6% target of the “Bat”.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
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...