EUR/NZD may test the uptrend
Have a look at the pair EUR/NZD as it might present some interesting trade ideas.
USD/JPY: the yen breaks the trend
Recommendation:
SELL 112.6 SL 113.15 TP1 111.6 TP2 110.6 TP3 109.25
On the daily chart of USD/JPY, bears try to move the pair out of the triangle and lower border of the upward channel. If they manage to succeed, the implementation of the "Three Indians" and 1-2-3 patterns' combination will happen. It will help bears to count on the break of the bullish middle-term trend and to continue pulling the pair towards the 88.6% target of the "Shark" pattern.
On H1, if the pair breaks the support at 112.6, it will increase the risks of the fall further towards the 127.2% and 161.8% targets of the AB=CD and "Crab" patterns.
Ivan Karamazov
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EUR/CHF: the final target
Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.
USD/CHF may decline
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
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