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 made another attack
TP1 1.0105 TP2 1.0145
On the daily chart, USD/CHF after forming the “Dragon” pattern and reaching 200% target of AB=CD there was a natural pullback towards 0.9965 (61.8% of the descending wave). Never the less, bulls didn’t have enough resolve to repeat the test of an important level. In case of success, the road up to 1.0145 will be open.
On H1, there’s a “Spike and ledge” pattern. A break of resistance at 1.0005 (upper border of the “Ledge” or rebound from support at 0.9940 (lower border) will increase the risks of an uptrend’s resumption.
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...