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CHF/JPY 1H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUD/NZD 4H Chart: Channel Down Comment: AUD/NZD failed to resume the Apr-Jun rally in summer, and since mid-September it has been trading in a bearish channel. In the long run the exchange rate may slide down to 1.0020 before the price finds strong demand. In the meantime, the near-term outlook is also bearish, as the pair is trading right at the upper trend-line, which is reinforced by the monthly S2 and weekly PP. Accordingly, we expect the Aussie to retreat from 1.07 and start a notable

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