The pair’s continuing the overall downtrend since October as it breached down the wedge earlier this month.
USD/CHF: bears prepare to attack
BUY 0.9740 SL 0.9685 TP1 0.9840 TP2 0.9890
On the daily chart, USD/CHF reached the target of “Wolfe waves” pattern. After this, there was a correction to the short-term uptrend. A recoil from the lower border of the bullish trend channel and the pair’s settling above 0.9650 will return the initiative to buyers.
On H1, there are senior and junior “Shark” patterns. The most likely scenarios are: decline to the recent low and continuation of the fall towards 0.9470 or correction to the wave CD. Think about bullish positions if USD/CHF breaks above 0.9740 and 0.9755.
USD/SGD has rebounded from the 50-week MA (1.3520) and is now retracing November-January decline.
If this week the Aussie closes in the negative area, it will continue towards the lower levels in line with the long-term downtrend.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…