Bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with extremely falling lines.
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 AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened.
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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...