USD/CHF: franc is dreaming about a wedge

USD/CHF: franc is dreaming about a wedge


BUY 0.9805

SL 0.975

TP1 0.9875 TP2 0.9985

On the daily chart, USD/CHF keeps forming the reversal “Dragon” pattern. The main task of the bulls is to bring the quotes outside of the downtrend channel with the following test of resistance at 0.9830.


On H1, there's a “Spike and ledge” pattern. A successful test of the upper border of the 0.9715-0.9805 consolidation range (“ledge”) will increase the odds of the downtrend’s resumption. On the other hand, a break of support at 0.9715 will trigger the reversal “Widening wedge” pattern.




AUD/USD: aussie will continue downtrend

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had corrected to Tenkan-sen and ready to continue the main trend.



USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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