XAU/USD: let’s buy gold
On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
NZD/USD: a head and shoulders
Recommendation:
SELL 0.6715
SL 0.6770
TP1 0.6615 TP2 0.6595 TP3 0.6495
On the daily chart, NZD/USD is consolidating in the 0.6715-0.6855 range in line with the “Head and Shoulders” pattern. A successful test of its lower border will allow bears to count on the formation of the senior and junior AB=CD patterns with 261.8% and 127.2% targets.
On H1, NZD/USD is ready to trigger a “Broadening wedge”. For that, bears need to pull it below support at 0.6715 where the lower border of the “Spike and ledge” pattern lies.
Ivan Karamazov
Similar
Get a trade signal for USD/CAD
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
USD/JPY: the Dollar fell into negative zone
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
Latest news
GBP/USD: confirmed "Thorn" pattern
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: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
