XAU/USD: gold bets on the double bottom
On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
EUR/GBP: bulls are going for a retest
Recommendation:
BUY 0.8825
SL 0.8770
TP1 0.8885 TP2 0.8950
On the daily chart, EUR/GBP is fighting for 0.8805 (50% of the long-term bullish wave). Bears are trying to bring the pair inside the downtrend channel. If they succeed, the risks of correction to the long-term trend increase. On the other hand, return of the pair above 0.8805 will return the initiative to the bulls.
On H1, EUR/GBP formed a “Head and shoulders” and “Gartley” patterns. The realization of a 1-2-3 pattern will allow bulls to count on a retest of the neckline.
Ivan Karamazov
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USD/CAD: the CAD plans to storm
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
USD/JPY: dollar reached daily resistance
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
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EUR/USD: euro hung on Tenkan-Kijun
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 141.30
GBP/JPY broke support level 141…
USD/CHF: bears saw a dragon
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
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