On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
GBP/USD: going to 1Y-lows
Technical levels: support – 1.3550, 1.3240; resistance – 1.3680.
- Sell — 1.3660; SL — 1.3680; TP1 — 1.3550; TP2 — 1.3450.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the new lows for last three weeks.
On the daily chart, XAU/USD is consolidating in the 1185-1210 range. A break of its upper border will trigger a “Crab” with a 161.8% target.
Expanding bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
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...