EUR/USD: the euro is going to rise

EUR/USD: the euro is going to rise

Recommendation:

BUY 1.1425 SL 1.137 TP1 1.1525 TP2 1.159 TP3 1.17

On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0. Bulls plan to implement the "Head and shoulders" pattern. The pair needs to test the resistance at 1.445 (38.2% of the "Shark" pattern) to activate that pattern. 

eurusd_d.png

On H1, the "Spike and ledge" pattern is implemented. The pair stuck in the consolidation range between 1.1265 and 1.1425  ("ledge"). If the euro moves out of the upper border of this range, it will increase the odds of the "Bat" and "Shark" patterns' implementations.  Otherwise, if the lower border is broken, the pair will continue to fall. 

eurusd_60.png

eur

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Levels to trade AUD/JPY

AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.

Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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