Bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with extremely falling lines.
USD/CHF: franc spent a lot of time on the shelf
TP1 1.003 TP2 1.0145
On H1, bears prepare to pull USD/CHF below the diagonal support in the form of the uptrend’s lower border. To break the medium-term bullish trend the pair has to get beyond the triangle and then trigger the “Bat” pattern. On the other hand, a pullback from support will create grounds for a recovery to 200% target of AB=CD.
On H1, USD/CHF is consolidating within “Spike and ledge” and 5-0. A break of resistance at 0.9930 will increase the probability of the rally’s continuation.
On the daily chart of AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened.
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
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...