On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.
EUR/USD: Cloud can’t support euro
Technical levels: support – 1.1670/80; resistance – 1.1700.
- Sell — 1.1650; SL — 1.1670; TP1 — 1.1590; TP2 – 1.1540.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; the prices are returned to Cloud but the Bulls looks weak.
On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.
On the daily chart of AUD/USD, the implementation of the purple "Shark" pattern with the 88.6% target continues.
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...