Thursday and Friday brings us an escape to safe heaven assets. Stocks are going down and currencies like USD or CHF are gaining value. First instrument in this video will be DAX, which bounced from the major, long-term resistance – the neckline of the giant head and shoulders pattern. We were expecting that and warning our listeners in the previous videos. So here we are, we have a bounce from the neckline, so the sell signal is confirmed.
Next one is the Gold, which is still locked between the 23,6% and the 38,2% Fibonacci. The sentiment is positive especially that the price created a flag pattern and we have high chances to end this with a further upswing. The target is on the 38,2% Fibo.
Last one is the EUR/CHF, where most probably, we will finish this week on the weekly lows. The price broke the lower line of the pennant and is very close to break the lower line of the flag. Additionally, we are bouncing from an important horizontal resistance. The proper sell signal, will be triggered, when the price will break the lower green line.