The stock of Cisco formed a doji “shooting star” candlestick on the weekly chart.
AUD/USD: expected correction to Kijun
Technical levels: support – 0.7620; resistance – 0.7680
- Sell — 0.7670; SL — 0.7690; TP1 — 0.7620; TP2 — 0.7600.
Reason: narrowing bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong resistance of 0.7680.
On D1, the pair formed a bearish “shooting star” candlestick ahead of the resistance line from December high.
Facebook rose on a positive earnings report. Will the stok manage to sustain the upside?
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…