On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
USD/CHF: bulls are preparing for breakout
On the USD/CHF chart, there is a consolidation in the range of 0.9915-0.9975. A break of its upper or lower borders does not guarantee a restoration of the trend. The resistance is located near parity level. For the continuation of the rally and the implementation of the targets of the "Wolf Waves" and the "Shark" patterns, the bulls need to test the following resistance.
On the USD/CHF hourly chart, the expanding wedge is in the process of formation. A necessary condition for its implementation and restoration of the uptrend is a breakout of resistance at the parity level.
Recommendation: BUY 1,0000 SL 0,9945 TP 1,02.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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...