On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
EUR/JPY: bulls are dreaming about the rise
TP1 132.65 TP2 133.7 TP3 134.3
On the daily chart EUR/JPY, the pair reached the 113% target of the “Shark” pattern. As a result, risks of the correction increased. The return of the pair to the previous low is a necessary condition for its implementation. If bulls fail, it will mean their weakness.
On H1, EUR/JPY reached targets of the triangle. Currently, “Wolfe Waves” pattern is developing. To implement it, the pair should come back to the resistance at 131.65 with its subsequent successful test.
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...