USD/TRY has moved sharply down this week falling to the support line since the end of November.
USD/CHF: preparing for a rally
TP1 0.9890, TP2 1.0025
On the daily chart, USD/CHF keeps trading within the “Wolfe waves” pattern. Bulls managed to keep the pair above support at 0.9650. If the pair rises above July high, it will continue going up towards 1.0025-1.0030. Here there’s target of the reversed “Shark” pattern.
On H1, the pair finishes forming the “Dragon” pattern. The pair’s currently testing the head of the dragon located at the level of the dragon’s curling tail. USD/CHF is consolidating in the 0.9635-0.9720. The break above the upper border will strengthen the odds of a further rally.
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…