On the daily chart of XAU/USD, the pair left the downward channel and reached targets of the “Spike and ledge” pattern.
USD/JPY: yen is preparing a wedge
Recommendation: SELL 109.8 SL 110.35 TP1 108.8 TP2 108 TP3 107.2
On the daily chart of USD/JPY, the inability of bulls to conquer resistance at 111 points at their weakness. Bears have the initiative now. Sellers want to test the lower border of the uptrend channel and support at 109.8. If they succeed, the risks of a “bat” pattern will increase.
On H1 of USD/JPY, bears have a chance to trigger the “Widening wedge” pattern. To do that, they will need to pull the pair below the lower border of an uptrend channel and move it closer to support at 109.40.
On the daily chart of USD/CAD, the pair is reaching targets of the “Wolfe waves” pattern.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
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...