Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
EUR/USD: euro broke the trend
On the EUR/USD daily chart, there is a change in the long-term downward trend. It became clear after quotes went outside the downward trading channel and increased the slope of the medium-term "bullish" trend. In the nearest future, the euro may face a correction once 88.6% target in the inverted "Bat pattern is fulfilled. A successful test of the resistance at 1.12 may lead to the continuation of the rally towards 1.14 and higher.
On the EUR/USD hourly chart, fulfillment of the target 200% (1.12) in the AB = CD pattern may lead to a short-term rollback towards the area of 1.1060-1.1085.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of USD/CAD, bulls almost returned the pair to the 1.3275-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns).
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...