XAU/USD: let’s buy gold
On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
USD/JPY: dollar keep staying inside Cloud
Technical levels: support – 109.20, 109.80; resistance – 110.30.
Trade recommendations:
- Sell — 109.70; SL — 109.90; TP1 — 109.20; TP2 — 108.80.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keeps consolidation inside a 4H-Cloud, but the Bears looks stronger.
Tatyana Norkina
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Get a trade signal for USD/CAD
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
USD/JPY: the Dollar fell into negative zone
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
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