Technical analysis of NZD/CHF
EUR/USD: "Harami" and "Shooting Star"
There's a developing bearish correction. We've got bearish patterns such a "Harami" and a "Shooting Star" at the last local high. So, the price is likely going to test the 89 Moving Average, which could be a departure point for another bullish rally.
The Monday's "Window" remains open, but the last bearish "Engulfing" and "High Wave" patterns are still in the game. At the same time, there's an opportunity to have a local upward correction towards the Moving Averages. Nevertheless, bears are likely going to test the nearest support afterwards.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.