Chausi

Chausi

The Pair has reached the upper boundary of the channel, which happens to be a strong resistance zone, and a 61.8% retracement level

Chausi

On the Monthly TF, the pair is reacting to 50 MA acting as a resistance. The daily TF shows that the Pair has reached the channel's upper boundary. RSI also indicates a bearish price divergence. Sell upon the break of the trendline

Chausi

USDCHF – As long as the price remains above 0.946 area, I remain bullish (Elliot Wave theory – Wave 4 never enters the territory of wave 1.

Chausi

USDCAD is trading in a channel since AUG 2021 and from my analysis, this is Wave 4 and is now coming to an end meaning we might continue to the downside to the end of Wave 5. However, the price is currently near 200 EMA that might provide support as it has for 4 occasions within the channel acted as a resistance. I entered short at the rejection of the upper...

Chausi

NZDCAD has been trading in a descending channel since Feb 2021. The price has recently bounced off the structure that was first formed in June 2013, respected in March 2020, tested again in May 2022 and in June 2022. There is more confluence since the price has again bounced off the channel. I expected the bulls to take over altleast to the upper channel (0.86...

Chausi

AUDUSD has formed a Double Bottom on a weekly timeframe and looks set to bounce from there. My analysis indicates that wave 2 has ended (formation of double bottom and Completion of ABC) and we might now rally to Wave 3, which cannot be the shortest of 1 or 5. A reversal to the upper side has also been confirmed by the RSI divergence which makes be Bullish. If you...

Chausi

AUDNZD has been on an Uptrend since September 2021 and seems to have recently completed the 5 waves on 4HR and Daily TF, as per Elliot Wave Theory. It recently formed a double top and has formed an RSI divergence which are indications of end of wave 5 and that a reversal is coming. It seems that we are now on an ABC correction, and we are currently on Wave A. WAIT...