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: the Dollar looks strong
Technical levels: support – 111.50/60; resistance – 112.00, 112.60.
Trade recommendations:
- Buy — 111.80; SL — 111.50; TP1 — 112.60; TP2 — 113.00.
Reason: bearish Ichimoku Cloud but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance of SSB and Tenkan-sen but the Bulls may continue uptrend.
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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