Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.
NZD/USD: kiwi wants more
TP1 0.6995 TP2 0.7165
On the daily chart, bulls managed to lead the pair outside of the descending channel. If they manage to bring the NZD above 0.6907, the risks of a “Shark” pattern will increase. Its 88.6% target lies at 0.7165.
On H1, NZD/USD is retesting the “Head and shoulders” neckline. Recoil from resistance will allow bears to pull the kiwi down to 88.6% and 113% targets of the “Shark” pattern. On the other hand, successful test of resistance at 0.6895 will increase the risks of more upside.
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...