USD/CHF: franc is consolidating

USD/CHF: franc is consolidating


BUY 0.9995 SL 0.994 TP1 1.0095 TP2 1.0195 TP3 1.04

SELL 0.978 SL 0.9835 TP1 0.968 TP2 0.962 TP3 0.9515

On H1 of USD/CHF, bears are testing the lower border of the uptrend channel. Success will increase the odds of triggering the “Bat” pattern with a target at 88.6%. On the other hand, a failure with the following break of resistance at 0.9995 will return bulls hope for reaching targets of “Wolfe waves” and AB=CD.


On H1, USD/CHF reached the interim 78.6% target of the “Bat” pattern. Bulls are getting ready to test resistance at 0.9920-0.9925 once again.



USD/CAD: sellers lost the initiative

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.

AUD/USD fell from the ledge

Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.


EUR/USD: euro hung on Tenkan-Kijun

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.

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