The stock of Cisco formed a doji “shooting star” candlestick on the weekly chart.
EUR/JPY: euro approached the milestone
SELL 129.60 SL 130.05 TP1 128.60 TP2 127.60 TP3 126.00
BUY 132.15 SL 131.6 TP1 133.15 TP2 134.45 TP3 136.70
On the daily chart of EUR/JPY, a break of resistance at 132.25-132.50 will trigger the “Bat” pattern with a target at 88.6%. On the other hand, a slide to March minimum will allow bears to resume the decline towards 200% target of AB=CD.
On H1, a “Shark” is transforming into 5-0. A successful test of support at 129.60 will increase the risks of a further selloff. On the other hand, advance above resistance at 132.15 will create grounds for correction.
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…