
XAU/USD reached resistance of the uptrend channel in the area of 1347.
Technical levels: support – 113.70; resistance – 114.40.
Trade recommendations:
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the bulls can’t breaking out a resistance of Tenkan-sen and Kijun-sen and the prices returned to Cloud.
XAU/USD reached resistance of the uptrend channel in the area of 1347.
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit.
AUD/NZD is making movements to the downside which are hard to ignore.
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...
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