Thursday mixed economic data didn’t let the US dollar index to break the psychological level at $95.
NZD/USD: the kiwi is sticking in a channel
TP1 0.6755 TP2 0.6655 TP3 0.659
On the daily chart of NZD/USD, there is a 0.6855-0.6975 consolidation within the long-term downtrend. A break of its upper boundary will increase odds of a correction to 38.2% and 50% from the CD wave. A successful break of the support at 0.6855 will let bears move to the 127.2% target of the “Crab” pattern.
On H1, if the pair goes beyond the upward channel, the pattern “Perfect butterfly” with the 127.2% target will be implemented.
On the daily chart of USD/JPY, bears are still hoping on the formation of the “Bat” in case of a break below the lower border of the uptrend channel.
On the daily chart, EUR/JPY bulls are counting on the break of the upper border of the descending trend channel and advance to 88.6% target of the “Shark” pattern.
Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.
USD/CAD rising inside minor impulse wave 3 Next buy targets - 1…