On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
Gold: bears came up with Shark
Recommendation: BUY $1265 SL $1245 TP $1320.
On the daily chart of gold, the bulls make desperate attempts to return to the borders of the rising trading channel. If they succeed, it will lead to the continuation of the rally. A signal will be a breakout of the upper boundary of the triangle. In contrast, a failure of the quotes to leave the borders of the downward trading channel will be a signal of the weakness of the buyers.
On the hourly chart of gold, the "Shark" pattern has been formed. Its transformation into 5-0 implies a price rise towards $1255 per ounce, followed by a downfall towards $1233. A signal for sales could be a breakout of the support at $1245.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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...