On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
EUR/GBP is tired of corridors
On the daily chart, EUR/GBP has been stuck in the 0.87-0.9015 range for the last 6 months within the senior “Spike and ledge”. Since the end of April, it’s forming a junior “Spike and ledge” pattern on the basis of 1-2-3 in the 0.87-0.8835 range. Only if the pair leaves this range, it will find further direction.
On the daily chart, EUR/GBP bears managed to return the pair inside the 0.87-0.8835 range. If it’s breached, the pair will trigger the “Widening wedge”.
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...