Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
NZD/USD: kiwi is storming a fortress
BUY 0.7165 SL 0.711 TP1 0.7265 TP2 0.739
BUY 0.7090 SL 0.7025 TP1 0.7190 TP2 0.7265 TP3 0.7390
On the daily chart, NZD/USD bulls managed to get above resistance at 0.7250-0.7265. Never the less, the fight for this important level continues. If the pair reaches 113% target of the “Shark” pattern, bears will be able to counterattack.
On H1, NZD/USD bulls keep controlling the situation. Sustainable uptrend allows traders to buy on the pullbacks to 23.6%, 38.2% and 50% оof the wave CD of the “Shark” pattern.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" 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 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...