On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
USD/CHF: franc is at the crossroads
BUY 0.9985 SL 0.9930 TP1 1.0085 TP2 1.0195 TP3 1.0400
SELL 0.9920 SL 0.9975 TP1 0.9850 TP2 0.972 TP3 0.9620
On the daily chart of USD/CHF, an advance to May high will trigger AB=CD pattern with a target at 224% and increase the odds of the pair getting to the target of “Wolfe waves” pattern. On the other hand, a return of the pair to the downtrend channel will trigger the “Bat” pattern.
On H1, USD/CHF keeps forming a “Widening wedge”. A break of resistance at 0.9985 will open the way up. On the other hand, a break of support at 0.9920 will allow bears to seize the initiative.
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
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...