The stock of Cisco formed a doji “shooting star” candlestick on the weekly chart.
USD/JPY: Dollar may restart downtrend
Technical levels: support – 110.40; resistance – 110.70.
1. Sell — 110.60; SL — 110.80; TP1 — 110.00; TP2 — 109.40.
Reason: expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support.
On D1, the pair formed a bearish “shooting star” candlestick ahead of the resistance line from December high.
Facebook rose on a positive earnings report. Will the stok manage to sustain the upside?
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…