On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened.
NZD/USD: waves are coming
TP1 0.7395 TP2 0.7475 TP3 0.76
On the daily chart of NZD/USD, the inability of bears to break below 0.7170 (50% of the wave 4-5 of the “Widening wedge” pattern) points at their weakness. To resume the uptrend, bulls need to push the pair above resistance sat 0.7395 and 0.7475.
On H1, NZD/USD after forming a widening wedge the pair formed “Wolfe waves”. A break of diagonal resistance at 2-4 will create grounds for continuation up to 1-4.
Recommendation: BUY 1225 SL 1210 TP1 1248 TP2 1255 TP3 1263 On the daily chart of XAU/USD, bears couldn't keep the pair within the 1185-1215 consolidation…
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
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...