On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0.
EUR/USD: euro keep staying in positive mood
Technical levels: support – 1.1720; resistance – 1.1780.
- Buy — 1.1720; SL — 1.1700; TP1 — 1.1780; TP2 – 1.1830
Reason: expanding bearish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with the horizontal lines; a prices supported by Kijun-sen and may go testing the June’s levels.
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…