On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.
USD/CHF: franc broke loose
On the USD/CHF daily chart, the Bears managed to withdraw quotes from short-term upward and long-term downward trading channels. This increases the risks of realization of the targets 224% and 127,2% in the AB=CD and Crab patterns. In case of the strong bearish trend you should consider selling on the growth. The nearest resistance can be found at 0.9635.
On the USD/CHF hourly chart, the downward movement continues. Bears indicated their presence at the level of 0.964.
On the daily chart, bears managed to move XAU/USD to 113% target of the “Double top”.
Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.
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…