On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
USD/CHF: wave saved franc from the shark
TP1 0.993 TP2 0.9975
On the daily chart, USD/CHF bulls managed to keep the pair above important convergence area of 0.9775-0.9800 and counterattacked. A successful test of resistance at 0.9880-0.9890 and 0.9940 will increase the risks of continuation up to 200% target of AB=CD.
On H1, USD/CHF reached the targets of “Wolfe waves” pattern. A break of the upper border of the descending trend channel with the following retest create grounds for reaching 88.6% and 113% targets of the “Shark”.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
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...