This pair has shown the down-trend; PA has violated Kumo in the weekly ICHIMOKU since 2012.
Is this going to turn around? The chart shows a triple bottom in play in addition to the support by weekly SSB and further aided by MACD divergence.
If PA gets past 111.0 rejection could be at around 109.50 where resistance from old 1998 Fib channel becomes support.
A further SHORT trip would meet with the resistance from 2002-2007 and could become support for a turn around at 105.0
Is this going to turn around? The chart shows a triple bottom in play in addition to the support by weekly SSB and further aided by MACD divergence.
If PA gets past 111.0 rejection could be at around 109.50 where resistance from old 1998 Fib channel becomes support.
A further SHORT trip would meet with the resistance from 2002-2007 and could become support for a turn around at 105.0