EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time
USD/JPY: bears left their lair
TP1 109 TP2 108.4 TP3 108
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback. The “Shark” s transforming into 5-0. In line with this process, it’s correcting to 23.8%, 38.2% and 50% of the wave CD.
On H1, USD/JPY formed “Three Indians”, “Spike and reversal with acceleration”, as well as the senior and junior AB=CD. Their combination allowed bears to attack and lead the pair out of the uptrend channel. Sellers want to bring the pair to 261.8% of AB=CD.
USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.
On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.
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...