Today we will not focus on any major instrument on the forex market as we have three interesting setups on more exotic pairs. First we go to CHF/JPY. The pair was having a nice bullish correction, which was initiated by the inverse head and shoulders pattern. Thee price tried to break the mid-term down trendline twice but was unsuccessful, which is a negative sign. This may create a situation, where instead on the iH&S pattern and a rise, we will get a flag and a further downswing.
EUR/NZD dropped below the horizontal support after creating the double top formation. That is definitely negative and opens us a way towards the long-term up trendline. The sell signal is ON.
Last instrument here is the AUD/CHF, which is having a similar situation as EUR/NZD but the horizontal support is still fighting. That is an upper line of the ascending triangle, which was broken yesterday. That is normal that we are testing that as a support but the outcome is unknown. If the price will close a day below the orange line, we will get a major sell signal.