Narrowing irregular bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market are in the negative area and made the new lows.
AUD/CHF reversed from resistance zone
- AUD/CHF reversed from resistance zone
- Next sell target - 0.7270
AUD/CHF has been falling sharply in the last 2 trading sessions – following the earlier downward reversal from the resistance zone lying at the intersection of the key resistance level 0.7490 (previous powerful support level which stopped earlier waves (iv), a and (iii), as can be seen below) and the 61.8% Fibonacci correction of the previous upward impulse 1 from December (acting as resistance after it was broken).
AUD/CHF is expected to fall to the next sell target at the next resistance level 0.7270 (multi-month low from last December).
The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1…
It has not been a good weekend in the crypto space and a reflection of this can be found in Bitcoin, which has managed to consolidate its price action below the level of 8000…
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.