Here's the EUR/USD 15m chart, Which is an uptrend and made a triangle. And now it's falling for a short time. It will fall up to the following targets 1.2126 - 1.2120 - 1.2106 . But if it takes the reversal, then it will hit 1.2156 - 1.2160 .
Here's an hourly chart of EUR/GBP, which started to make the bullish Elliott wave pattern. The ABC correction is remaining. The 2nd wave is 23.60% of wave 1. The 3rd wave is more than 161.80% of wave 2. The 4th wave is 38.20% of wave 3. The 5th wave is 61.8% of wave 4. In the ABC correction, A is 61.80% of wave 5. B will be at 50% or 61.8% of A,...
Here's the daily chart of the EUR/AUD. The trend is moving sideways, from the 1st of June 2020 till the 9th of December 2020. Then it started to fall, and rightnow it's standing on the 1.60330 . If it crosses this level downside, it will fall up to the following levels 1.60000 - 1.59000 - 1.57000 . But if the trend of EUR/AUD takes reversal and starts to rise...
BTC/USD made the flag pattern. It's made a bullish flag. So, it will rise. But if it started to fall, the trend will touch the following targets 18995.25 and then 18912.17 . Targets : 19148.45 19180.60 19220.64
USD/JPY has made the bearish Elliott wave pattern. At the end of the corrective waves, there is an ascending triangle pattern. After that, if the consecutive candles break 104.050, then the trend will rise and hit the following level 104.100 - 104.150 . But, according to EMA trend will continue to move downwards and knock the following target 103.945 -...
FX:USDCAD It has retested the strong zone and ready to fall down !!
Here's the 4hr chart of AUD/USD. At present, AUD/USD is moving upwards. And it has crossed the dynamic resistance trendline. Rightnow, it's maintaining a shortfall to get back to the position between the dynamic support and the resistance trendline. To make it easy to understand, I have used indicators - DMI, Supertrend. Let's see what indicators are telling...
Here's the 15m chart GBP/USD. The current trend is upward but falling here for a short period. But if it decreases up to 0.1951 , then it will touch 0.1936 . But if it does not knock 0.1951 , and take reversal, then the trend will hit 0.9200 .
Here's the GBP/USD 15m chart. Currently, it's moving downwards. If it crosses the major support, it will touch the 1.3236 . If it does not crosses the major support and flies upward, and consecutive candles cross the resistance, then the targets will be 1.3366 - 1.3400 .
Here's the 15m chart of the BTC/USD. By following the analysis of a long time frame, we can say that the overall trend is an uptrend. But at present, the BTC/USD made the bearish rectangle pattern by moving sideways. So, as per the rules of the bearish rectangle pattern, the trend fell. And again started to move upward and it will reach the following targets ...
This 15m chart is all about the current short time downtrend of the EUR/USD. It started to fall from the 4th December of 2020, and after that, it initiated to rise from the 9th December of 2020. Hurdle : 1.21001 (Key) If it moves under the hurdle level, it will touch the following level 1.20840 - 1.20760 , but if the trend crosses the hurdle upward, the...
It's a daily chart of NZD/USD. From the 19th of March 2020, it started to rise and still moving upward. For an easy understanding of the trend, I have applied the DMI and SuperTrend. Let's take a look at indicators, DI+ is above DI- that means the trend will continue to move upside. ADX is greater than 25, which also indicates the upside movement. Now talking...
Here, showing an uptrend of EUR/GBP. It's in the making process of three peaks pattern. Two peaks are completed, and the third one is remaining. If the trend breaks the support line, then the stop loss will be 0.8986 . But if it does not break the support line the targets for the third peak are 0.9100 - 0.9136 .
EUR/USD is moving upward. And made a flag pattern. I have used indicators to make it easy to forecast. The trend will hit the following targets 1.21782 - 1.21794 - 1.21810 .
It's an hourly chart of USD/JPY. The USD/JPY is trying to make a structure of the double top pattern. But rightnow, we can't call it a double top pattern. If it crosses the neckline then, it will become a double top pattern. To touch the neckline, it has to cross 104.26 . I have applied the indicator (RSI), which indicates a fall. But what if it continues to...
It is the AUD/USD 2hr chart. At present, it's rising by taking the support of the minor support trendline. The trend moves the same as the previous then, it will touch the following targets 0.7390 - 0.7422 . But if we analyze the trend, it's trying to break the minor support. RSI also shows the downtrend. So, if it falls, the trend will reach the following...
USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110 . At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles. I will update the downside scenario while it...
Here, presenting the EUR/USD 15m chart. To make it easy to understand, I have used particular shapes and an indicator. ADX is less than 25 , which means a downtrend, but DI+ is above DI- which shows an uptrend. If it crosses the support line, it will fall up to certain levels 1.2090 - 1.2076 - 1.2060 . But if it does not break the support line, then the...