3 Nice Bearish Signals: NZD/USD, EUR/CHF, GBP/USD

Published 10/24/2018, 04:31 AM
GBP/USD
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NZD/USD
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EUR/CHF
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First instrument in the video is the NZD/USD, which on Monday bounced from the long-term down trendline. What is more, we do have a head and shoulders pattern here and the smaller pennant. We are very close to break the lower line of the pennant along with the mid-term up trendline. Once the price will close below, we will get a proper sell signal.


EUR/CHF decided to go down after failure to break the horizontal resistance on the 1.148. The price is breaking the horizontal support on the 1.14 and the lower line of the flag. Price closing below those two supports will be a proper sell signal.


Negative situation we have also on the Cable. The sell signal was triggered here on Monday, when the price broke the lower line of the triangle. Yesterday we got a confirmation as the GBP/USD tested that line as a closest resistance. The test resulted with a drop so the sell signal is ON!

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