AUSNZD broke the upward trend and the support level as well.
Rising wedge is under development meeting a resistance level.
What's really more important about this chart is XAUUSD broke up the $1,200 level, an important historical level. It's still on bullish trend which might take it to $1,300 before it retraces to test $1,200.
Last Week WTI reaches $26 which happens to be an important level. AND RSI has a Bullish divergence which all indicate the Correction phase is reaching an end.
Left Char: A weekly line chart, on log scale, shows downtrend breakout along with bullish divergence on RSI . Right Chart: A daily chart shows down trend breakout and is about to form an inverted H&S. Update status
Awaiting neckline breakout. Targeting 1.4055
Awaiting Neckline breakout
Head and Shoulders target meets 61% Fibo = 1129gold
Eu reached the upper trend of the upward channel. I have also noticed a similar bulls patterns (clone) which supports the upcoming bears move.
Lower trend has been broken. Pair targets 0.7064
Targets the upper trend of the Symmetrical Triangle.
This will take some time as the flag achieves it's target.
Target is predicted at 0.80500 = 500 pips. Good Luck!