On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.
USD/JPY: the yen breaks the trend
SELL 112.6 SL 113.15 TP1 111.6 TP2 110.6 TP3 109.25
On the daily chart of USD/JPY, bears try to move the pair out of the triangle and lower border of the upward channel. If they manage to succeed, the implementation of the "Three Indians" and 1-2-3 patterns' combination will happen. It will help bears to count on the break of the bullish middle-term trend and to continue pulling the pair towards the 88.6% target of the "Shark" pattern.
On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.
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.
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...