Technical analysis of NZD/CHF
EUR/USD: last "Pennant" was broken
All the Moving Averages have been broken, so the price is declining. At the same time, there's an opportunity to have a local upward correction towards the nearest resistance at 1.2296 - 1.2332. If a pullback from this area happens little later on, bears will probably try to achieve the next support at 1.2205.
The price has been declining since the last "Pennant" pattern was broken. It's likely that the pair is going to test the Moving Averages, which could be a departure point for another decline.
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.