On the daily chart of XAU/USD, bears have tried to implement the “Shark” pattern
USD/CHF: bullish potential
On the daily USD/CHF chart, there's a realization of the Wolfe waves pattern. Its first target is at the intersection of the projection from the point 5 and the wave 1-4. In order to make it bulls have to overcome resistance at 1.0040. Then the pair should resume rally towards 88.6% target of the inverted Shark pattern.
On H1, USD/CHF is moving inside the ascending channel. The bulls retain control for the pair. The break of resistance at 1.0034 will increase the risks of growth towards 1.013 (88.6% of the last descending wave) and higher.
Recommendation: BUY 1,0035 SL 0,9980 TP1 1,013 TP2 1,0205.
On the daily chart of USD/CAD, the “Three drives” pattern keeps forming.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…