Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.
NZD/USD: kiwi is gaining its strength
Recommendation: BUY 0,695 SL 0,6895 TP 0,708.
On the NZD/USD daily chart, bulls managed to return quotes to the upper boundary of the downward trading channel and to the lower boundary of the previously formed triangle. If the resistance is tested successfully, activation of the inverted Shark pattern will increase the risks of implementation of target 113%. The convergence zone is located within 0.707-0.7085 levels.
On the NZD/USD hourly chart, the Wolff Waves pattern is in the process of realization. A repeated successful test of line 2-4 and resistance at 0.695 can lead to the continuation of the rally towards 0.707.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of USD/JPY, a break of the support at 112.85 and an exit out of the upward channel may mean an implementation of reversal 1-2-3 and "Three Indians" patterns.
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...