CAD/CHF reversed from powerful resistance zone

CAD/CHF reversed from powerful resistance zone

  • CAD/CHF reversed from powerful resistance zone
  • Next sell target - 0.7770

CAD/CHF continues to fall after the earlier downward reversal from the powerful resistance zone lying between the long-term resistance level 0.7930 (which also reversed the price sharply in 2015 as can be seen form the weekly CAD/CHF chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone, CAD/CHF is expected to fall to the next sell target at the next support level 0.7770 (former multi-moth resistance level).



USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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