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Recommendation:
BUY 111.75
SL 111.2
TP1 112.75 TP2 113.75 TP3 115
On the daily chart of USD/JPY, bulls managed to conquer diagonal resistance in the form of the upper border of the downtrend channel and lead the pair in the empty area. As a result, the odds of it getting to 200% target of AB=CD increased.
On H1 of USD/JPY, a break of 111.4 accelerated the pair’s advance. Bulls are dominating, so pullbacks to dynamic support (EMA21) may be used for buying.
On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.
On the daily chart of AUD/USD, bears managed to move the pair out of the upward channel.
Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?
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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