AUD/JPY 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/PLN 1H Chart: Channel Down Comment: EUR/PLN has recently formed a well-defined channel, meaning the outlook for at least the next several days is bearish. The negative bias is reinforced by the technical indicators, though this signal is rather weak. Since the pair has just tested resistance at 4.3890 (down-trend, weekly PP, and 200-hour SMA), the current target is the lower bound of the pattern, namely 4.3490/70. However, the bears will have to push through a solid demand area around

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