XAU/USD: let’s buy gold
On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
USD/CHF: the CHF has reached the Rubicon
Recommendation:
SELL 0.993
SL 0.9985
TP1 0.983 TP2 0.978 TP3 0.972
On the daily chart of USD/CHF, bears and bulls fight for the important level at 0.9995 (the upper boundary of the consolidation within the “Spike and ledge” pattern). If bulls succeed, the pair will have more chances to reach the target of the “Wolfe waves” pattern. Vice versa, if bulls don’t manage to hold the pair within the upward channel, it will signal their weakness.
On H1, if the pair manages to break the support at 0.993, the “Crab” pattern will be implemented and odds of the “Broadening wedge” pattern’s implementation will increase.
Ivan Karamazov
Similar
Get a trade signal for USD/CAD
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
USD/JPY: the Dollar fell into negative zone
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
Latest news
GBP/USD: confirmed "Thorn" pattern
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: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
