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.
XAU/USD: another “Head and Shoulders”
SELL 1307; TP1 1300; TP2 1295; SL 1310
XAU/USD keeps declining after it failed to break above 78.6% Fibonacci retracement of April-August decline in the 1321 area. On D1, Awesome oscillator formed a lower high. In its correction down, gold may test November-January support line at 1295.
On H4, we can see a “Head and Shoulders” pattern with the neckline around 1309. The idea is to sell gold on recovery to this area targeting 1300 and 1295.
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…