Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
NZD/USD: kiwi is falling in the abyss
TP1 0.677 TP2 0.6625
On the daily chart, the inability of bulls to settle above 0.6907 and 0.6823 points at their weakness. The downtrend towards targets at 127.2% and 161.8% of the “Crab” pattern continues. A condition necessary for its break is the pair’s return to resistance at 0.6980.
On H1, NZD/USD triggering of the “Bat” pattern with the following test of resistance at 0.6825 will increase the risks of a move to 88.6%. At that level, it will be sensible to sell the pound.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...