AUD/NZD is making movements to the downside which are hard to ignore.
EUR/JPY: bulls are acting
TP1 132.5 TP2 134.8 TP3 136.55
On the daily chart of EUR/JPY, after the pair reached the 78.6% target of the “Gartley” pattern, it rebounded down. The further direction will depend on the test of the diagonal support (the bottom line of the upward channel). If bulls are able to stick above it, odds of the rise to the 88.6% target of the “Shark” pattern will increase.
On H1, the “Spike and reversal with acceleration” pattern is implemented. To recover the uptrend, bulls need to break the resistance at 131.5.
USD/CHF may test lower levels this week as long as it keeps trading below the resistance at 1.01.
The pair is greatly influenced by the constant changes in global risk sentiment as well as the policy of the central banks.
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...