Failure in closing above 151.600 level multiple times + H & S + a bearish A/D divergence + a weekly support can be turned into a resistance + a spinning top candle formed on the daily + weekly charts.
- On the daily chart: a bearish divergence on Stochastic + a broken uptrend + double tops . - The target can be the weekly demand zone which happens to be a %23 fib retracement.
A big healthy candle has broken the trend line. Breaking through the recent support zone would be better for confirming the down move. Good luck :)
On the daily chart: rejection of a resistance + RSI is overbought and approaching down. Toady close blow the trend line can confirm the down move. An early entry can be on the 1 hr chart below the recent support 1.64740. Target for an intraday trade can be 1.64220. Target for a swing trade can be 1.61950.
A short term downtrend. Target 0.23 % fibo
On monthly chart: a resistance zone On weekly chart: a shooting star forming + overbought on RSI On daily chart: a beautiful shooting star (pin bar) formed yesterday + overbought on RSI On 4 hour chart + 1 hour : a bearish divergence Target 1: 1.64 (23 fibo)
On daily chart: the pair is approaching the first level of the weekly resistances + overbought on RSI + bearish divergence on RSI On hourly chart: the pair is ranging + A/D turns from up to sideways indicates a reluctance of breaking through the resistance zone
On monthly chart: A/D bullish divergence + support zone + an inverted hammer is forming. On weekly chart: Oversold on RSI Target: 1.274 (weekly resistance + 23 Fibo)
On weekly chart: a smooth downtrend On daily chart: H&S + a bearish A/D divergence + ADX indicates a strong down move = down
On daily chart: resistance + overbought on RSI + ADX over 50 = short
On daily chart: a bearish engulfing candle + ADX indicates a more down move + A/D indicates a filed attempt to push the pair up = Down
On weekly chart: an inverted hammer formed at 23% fibo. It may indicate the ending of pullback and resuming the uptrend?
The pair is in a demand zone + A/D shows accumulation + a pin bar is formed = up Double tops on daily chart + Triple tops on 4hr chart = down =|