On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
EUR/JPY: bears showed weakness
TP1 133.6 TP2 134.4 TP3 136
On the daily chart, bears are testing support at 131.50 for the third time. The inability of the sellers to lower the pair below an important support is a signal of their weakness. This increases the risks of the uptrend’s resumption and advance towards 161.8% and 224% of AB=CD.
On H1, EUR/JPY declined after reaching targets of “Wolfe waves” and “Shark”. The pair’s currently forming a “Dragon” with the following successful test of resistance at 132.40.
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
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...