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 surfs
TP1 1.332 TP2 1.3365 TP3 1.3455
On the daily chart of GBP/USD, bears try to break June lows. If they succeed, the AB=CD pattern with the 127.2% target will be implemented. At the same time, risks of the “Wolfe waves” pattern’s implementation will increase. It will limit the possibility of the correction to the long-term uptrend.
On H1, after the pair reached targets of the red “Wolfe waves” pattern, bulls are trying to pull the pair to targets of the blue one. If the pair breaks the resistance at 1.322 near 2-4 lines, odds of the upward movement will increase.
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...