GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
USD/CHF: the Frank is changing the direction
Recommendation:
SELL 0.9955
SL 1.011
TP1 0.9855 TP2 0.983 TP3 0.976
On the daily chart of USD/CHF, the 113% target of the “Shark” pattern was reached. If the pair reaches the convergence of 1.0130-1.0210 (targets of “Shark”, “Wolfe Waves” and AB=CD patterns), the risks of the return towards 23.8%, 38.2% and 50% from the last upward wave (CD) will increase.
On H1, the buyers’ inability to move the price up increases risks of reversal “Broadening Wedge” pattern’s formation. To achieve this goal, sellers need to pull the price back to the support at 0.9955 and break it.
Ivan Karamazov
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Latest news
GBP/CAD is insatiable
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD: the short-term downtrend
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.
Platinum is to drop soon
Platinum is likely to bounce back down after it reaches the local resistance level.
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