AUD/NZD 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 11, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    CHF/JPY 1H Chart: Channel Up Comment: CHF/JPY is currently forming an upward channel as a part of its correction after the Oct 20-28 sell-off. Accordingly, the near-term outlook is bullish. The currency pair is expected to confirm support at 122.40/20 and then surpass the Nov 9 high at 123.40. However, the overall trend is bearish, and most of the technical indicators are pointing sought, meaning we should not forget about a potential decline. If the price dips under the lower boundary of the

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