USDCHF upward surge facing a confluence of resistance zone trendline lies. So we can expect a downward correction towards 0.9100. It is a lower timeframe idea so some good pips will be a treat. Good Luck!
Price breaking out of a Converging Triangle and heading towards a target of 3.40. SXP has for the first time given a closing above EMA 50 since 7th September.
EURAUD sharp upward movement can face a resistance area, a breather also. So we can expect a short-term correction towards 1.55300-1.5500. Although it is still strong but you can taste it for some quick gains. Good Luck!
Holding a major support of 16.40 and is likely to head further up from here. On back of multiple break-outs QTUM is lining up for another Leg targeting 24-25. 19.10 is likely to a give resistance however surpassing this would pave path for a smooth sail towards eventual Target.
Establishing AB=CD Harmonics Pattern. Its likely to target anywhere between 4680-4730. 50% Fibo at 4180 is acting as a good support and a potential zone to trigger longs.
Bullish Indicators: 1) Support zone at 1.53456 2) Bullish Candle Bearish Indicators: 1) Resistance zone at 1.56091 Plan A: One can take long position on the breaking of resistance zone of 1.56091 for the target of 1.57665 and 1.58937. Plan B: One can take short position on the failure to break the resistance zone of 1.56091 for the target of 1.53546.
AUDUSD possibly turning its trend towards a corrected move. After some distribution and trading in a rectangular box now breaking the trendline downward. If it sustains it can gradually drop towards 0.73
Bullish Indicators: 1) Support zone at 0.73294 Bearish Indicators: 1) Resistance zone at 0.74278 2) Downward trend Plan A: One can take short position on the rejection from the resistance zone of 0.74278 for the target of 0.73745 and 0.73387 Plan B: On contrary if pair break the resistance zone with a good bullish candle one can take long position for the target...
RSR moving in a Converging Triangle. It needs to break and stronghold above 0.042 in order to trigger a move towards 0.070 followed by 0.087. On downside major support zones are 0.032 followed by 0.28 which are likely to restrict any further fall.
Establishing a look alike of bull flag on Daily Time Frame. OMG needs to break above 15 to target 18 followed by 21 and 23. For now 12.5 has been acting as a major support. If Price breaks below this support then next major support is 10.70. Price is likely to complete its retracement from any of these 2 levels.
USDCHF was traded in a descending channel and moved towards the last drop's fib level of 23%. So we can expect a recovery which may test the trendline and break above will lead to 92-92.4. if not then downside movement will continue.
USDCAD was tried to move upward from its consolidation phase last weak but failed. Now again it is trading near its trendline, if move upward and sustain we can see a firm movement towards 1.2500.
Bullish Indicators: Support zone 0.71340 Bearish Indicators: Resistance zone 0.72183 Plan A: On the breaking of support zone at 0.71340 one can take short position for the target of 0.70818 and 0.69975 Plan B: One can take long position on the breaking of resistance zone for the target of 0.72700 and 0.73000
Establishing AB=CD Leg. FLOKI is likely to consolidate here for a while before another leg on the upside. PA is likely to become tricky here with an eventual short term target at 0.00034.
EURGBP recovering from a short consolidation phase and retesting the trendline. Although it was rejected from 61.8% fib level, if it sustains at support level it can start its upside move towards 0.85.
Bullish Indicators: 1) Support zone at 112.542 Fib level 38.20% Bearish Indicators: 1) Resistance zone at 114.661 2) Downward trend 3) LH LL Plan A: One can take short position from here for the target of 112.542 and 112. Plan B: If the pair break the lower ascending trendline with bullish candle one can take long position for the target of 114.661.
ETH forming a bearish flag formation targeting 3640. This is an area of confluence where ETH is likely to complete its corrective reversal and start a new bullish trend. Any hourly closing below 3915 is likely to trigger a fall towards 3720 initially followed by 3640.
Its likely to retrace further towards 0.67-0.62 region. This is where demand is likely to kick in and drag the prices high. On upside break of 1.20 would open further highs towards 1.60 followed by 1.80.