Technical analysis of NZD/CHF
EUR/USD: "High Wave" stopped bulls
There are bearish patterns such are a "Tower" and a "Shooting Star", which both have been confirmed enough. Therefore, the market is likely going to test the 34 Moving Average in the short term. If we see a pullback from this line, there'll be an opportunity to have another upward price movement.
We've got a bearish "High Wave" pattern, which has strong confirmation. In this case, the price is likely going to decline in the direction of the last low in the coming hours.
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.