Breakout and Pullback formed on the channel for USDJPY is promising for a correction on the bullish trend we have seen for a while.
The Harmonic pattern completed on the major resistance is so promising for a downtrend or a sell-off here.
EURUSD is on an Important support level after creating a nice bullish harmonic pattern. A good reversal is expected here like the same what the history has shown us earlier with the price action for this pair.
After the breakout on the resistance, the bounce on the pullback is failing to break the high and is reversed back towards the resistance again. Here if the price fails to hold the price above the resistance then we may see a drop inside the resistance level. If we can confirm a breakout on the channel formed then the following breakout bearish we are expecting...
After the breakout on the Expanding channel formed we have seen a nice fall on the AU pair and here I expect a further decline in prices towards the support highlighted
After the breakout and reversal on the pair, we have seen another bullish rally happen towards the resistance. And here the following fall is about to do the formation of another triple top which can drag price back towards the key level formed.
The price range can be expected to break down on the support and trend line formed. Wait for the confirmation to enter the short positions.
Zoom made a nice falling wedge structure and now after the breakout and pull back formed the minor bearish trend showed another breakout and bullish reversal. Here I expect a decent correction on the fall we have seen on Zoom.
A breakout on the following key level confirms a possible trend continuation to the downside and revisit the trend line or the lower boundary formed.
GBPUSD is on the major support formed close 1.274 and here the following channel's lower boundary also met once again where we can expect a strong reversal at this stage.
RR is on major support where bullish pressure has formed on the historical price action. Having a decent expectation to repeat the history itself.
AUDUSD is holding a support formed at H4 timeframe. Here I am expecting a minor bounce for a pull back to form for another drop which can retouch the low close to 0.708
XAUUSD is following a correction here inside this strong resistance and support which is being played out for some time here on the chart. The following two trends which have broken recently are confirming the price towards the support highlighted.
EURUSD is on H4 Support which can have a reversal on the current price level if the price manages to hold the bearish pressure stronger enough. Also, a breakout on the channel formed after a reversal will be so promising for a strong rally to the upside.
CHFJPY confirmed the breakout and here I am expecting a minor correction to happen with respect to the bull rally formed on the H4 timeframe. The expected target for now with the breakout is the closest minor support formed.
USDCAD Confirmed a nice breakout on the following trend line picked up but at the moment the price is on a pullback which managed to revisit the trend line. If the breakout remains strong and valid with more bearish pressure then we may see a dip back towards the support highlighted on the structure. The structure formed is an ascending triangle followed up with...
GBPUSD has formed a successful falling wedge and now the breakout on the bullish pennant requires a nice reversal on the H1 support formed for the GU pair at the moment. The breakout and pull back have done already while we are facing a small setback on this pair which can be supporting a decent rally to the upside to clear the targets expected.
GBPJPY Showed a nice growing channel with a breakout to the upside on the resistance formed. If the price goes for a breakout and manages to fall below the highlighted resistance level then we will see a further decline in the prices for GBPJPY in the H4 timeframe. The confirmation required here is not yet received and well managed short position will generate a...