EURUSD has recently found strong resistance near 1.1740-50 area and as the bearish pressure and serie of lower low and higher low consistently persist, further downward pressure is expected. My target is 1.1650 area in the coming days.
AUDUSD is currently trading below 0.72 area while having certain corrective phase. As the price remains below 0.7200 area, it has higher probability to push lower towards 0.7020 area again in the coming days. The price recently formed a Double Top near 0.7195 area and despite the 20 EMA carry, as the price remains below 0.72, the bears may regain momentum in the process.
GBPUSD has already shown great promise with the recent Bearish move which lead the price to break below 1.3250 area. As the price remains below 1.3250, the bearish bias is expected to continue to push the price lower towards 1.30 psychological area.
AUDUSD has been pushing higher despite the recent positive USD reports but is it the final destination for Buyers? Currently the price created a new lower high which indicates further bearish pressure in the making ahead of the London session overlap. So, as per overall market context, the price may push lower towards 0.7190 area at least before showing any...
GBPUSD is currently residing inside the corrective range below 1.3150. As the price remains below 1.3150 with atleast h4 close, there are higher chance of price to push lower with target towards 1.3010 support area in the coming days.
EURUSD has been quite volatile and corrective while trying to break above 1.1850 after impulsive bearish pressure since the price rejected 1.1950 area. Currently the price is still struggling to gain momentum but as the price clears 1.1850 with 1 hour candle close, certain upward thrust is expected again in the coming days. On the contrary, Break below 1.1800 will...
EURUSD has reached 50% of the recent Bearish trend pressure which is expected to hold the price lower and push towards 1.1800 and lower as the bearish bias sustains.
As EURUSD remains below 1.1900 area, the bearish bias is expected to continue without any flaw or drawbacks.
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Price has formed E Calculation based Wave which indicates further down move towards 78.80 support area as per Price Theory Calculation.
If the price can break the B point, it will be quite confirmed to reach the target area. As per current structure, C point has been rejected several times to take it as strong resistance which bulls cant break. So, as long as the...
USDJPY has been quite corrective while residing into a rotation period with overlapping candles along the way.
The price has retraced to 50% of the previous Bearish wave and currently expected to reach 105.10 and has also possibility to reach 104.00 in the long-run.
As USDJPY remains below 106.30, the bearish bias is expected to continue.
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EURUSD found support near 1.1830 and GBPUSD found near 1.3075.
Can EURUSD and GBPUSD stay above these strong levels and push higher for certain corrections?
My personal opinion - There are higher probability to shoot higher for a certain period in both currency pairs.
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EURUSD found resistance near 1.1955 and GBPUSD found it near 1.3260. Both pairs are currently pushing lower to gain impressive momentum and may reach the zero point.
EURUSD Zero Point - 1.1800
GBPUSD Zero Point - 1.3190
GBPUSD broke below the october 2015 trendline with a major pullback and pushback from the retest. Now the pair is consolidating but the buyers are getting rejected over and over again. Now we will looking for probablity to reach the trend line commence point 1.5130-1.5150 area.