USD/CHF: the franc is gaining strength

USD/CHF: the franc is gaining strength

Recommendation: 

SELL 1.0045 SL 1.01 TP1 0.9945 TP2 0.99 TP3 0.983

On the daily chart of USD/CHF, there is a transformation of the "Shark" pattern into 5-0. The pair needs to break the parity level and update the November's maximum to continue rising towards the targets of "Wolfe Waves" and AB=CD patterns.

usdchf_d.png

On H1, the implementation of the "Spike and Ledge" and "Broadening Wedge" patterns continues. The rebound from the 1.002 and 1.0045 resistances (50% and 61.8% from the 4-5 wave) can be used to open short positions. 

usdchf_60.png

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After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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