On the daily chart, NZD/USD reached 88.6% target of the “Bat”. This increases the possibility of a pullback to 23.6%, 38.2% and 50% of the wave CD.
XAU/USD: gold returned to the game
TP1 $1245 TP2 $1221
On the daily chart, XAU/USD pulled back after reaching 78.6% target of the “Gartley” pattern. Gold returned inside the previous consolidation range of $1266-1300 an ounce. As a result, the prices formed “Shakeout-Fakeout” pattern. This increases the risks of the rally’s continuation. Many things will depend on gold’s ability to settle above the important level of $1281.
On H1, as long as XAU/USD is above support at $1275, bulls remain in control of the situation.
On the daily chart of AUD/USD, there is a consolidation within the bearish trend.
Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market breaking down the main daily supports and will continue the downtrend.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115…