EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA.
GBP/USD: the Bears are tired
Technical levels: support – 1.3550/60, 1.3240; resistance – 1.3660.
- Sell — 1.3660; SL — 1.3680; TP1 — 1.3550; TP2 — 1.3450.
- Buy — 1.3580; SL — 1.3560; TP1 — 1.3660.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal; the prices are on the new lows, but daily market is extremely oversold.
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…