USD/CAD: loonie is taking off
USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.
XAU/USD: Gold has come to the Rubicon
Recommendations:
SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215
BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349
On the daily chart of XAU/USD, the 1,282-1,308 consolidation continues. A break of its upper boundary will increase odds of a correction to 50% and 61.8% of the 4-5 wave of the “Broadening wedge” pattern. Conversely, a break of the support at 1,282 will let bears pull the pair down.
On H1, if the “Broadening wedge” pattern is implemented, the pair will reach the 200% target of the AB=CD. Vice versa, if the “Crab” pattern is implemented, the pair will reach its 161.8% target.
Ivan Karamazov
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XAU/USD: gold is counterattacking
On the daily chart, XAU/USD pulled back after reaching 113% target of the “Double top”.
USD/JPY: the Dollar updated August’s lows
Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.
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EUR/USD: euro hung on Tenkan-Kijun
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141.30
GBP/JPY broke support level 141…
USD/CHF: bears saw a dragon
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…
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