On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
GBP/USD: the pound is not afraid of waves
TP1 1.326 TP2 1.3435 TP3 1.35
On the daily chart of GBP/USD, the pair keeps reaching targets of the “Wolfe waves” pattern. To reach the 1.343 target, the pair needs to break the diagonal resistance (the upper boundary of the downward channel). At the same time, the rebound will give an initiative to bears.
On H1, there are senior and junior “Wolfe waves” patterns. Targets of both of them form the 1.332-1.334 convergence. To reach it, bulls need to break the resistance near 1.316.
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
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...