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).
NZD/USD: kiwi votes for the correction
Recommendation: SELL 0,72 SL 0,7145 TP1 0,7085 TP2 0,701
On the NZD/USD daily chart, target 88.6% of the inverted Shark pattern has been achieved. At the present moment, there is a risk of a pullback towards 38.2%, 50% and 61.8% levels of the CD wave as part of the transformation of the Shark pattern into the pattern 5-0. To restore the uptrend, the Bulls need to update the June high.
On the NZD/USD hourly chart, a reversal pattern 1-2-3 and a triangle were formed. A break of the diagonal support near 0.72 will create the prerequisites for the correction towards 0.7085 (target 88.6% of the Bat pattern) or lower.
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...