On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0.
EUR/USD: consolidation in cloudy area
Technical levels: support – 1.1640, 1.1730; resistance – 1.1770, 1.1820.
- Sell — 1.1720; SL — 1.1740; TP1 — 1.1680; TP2 – 1.1640.
Reason: bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are in the Cloud and may test the support of Senkou Span B.
On the daily chart of EUR/GBP, after implementation of the "Wolfe Waves" and "Shark" (88.6%) patterns, there is a correction as a part of the "Shark" pattern's transformation into 5-0.
Gold is correcting down after its previous advance. The metal is now trading below October high at 1243.35.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…