Technical analysis of NZD/CHF
EUR/USD: two "Tweezers" patterns in a row
We've got bearish patterns such a "Tweezers" and an "Engulfing", which both have been confirmed enough. Also, there's a bearish "Three Methods", so the market is likely going to test the lower "Window" in the short term.
There're two "Tweezers" patterns in a row, so the price is declining. Bears have reached the 55 Moving Average, but there isn't any reversal pattern so far. Therefore, the pair is likely going to continue moving down towards the 89 MA.
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.