CADCHF looks bullish for the coming week due to a trend line break out plus retest at the 61.8 fibonnaci level
AUDUSD is in a rising channel and it has made a retracement to the 0.618 fibonacci area giving confluence on bullish momentum.
NZDUSD looks bearish short term on the 2 hour timeframe following the 61.8 retracement to a supply/demand level. it also has followed a trend line break and retest formation
GOLD looks as if it is making a corrective pattern on the 4 hour timeframe hence there is a HIGH probability that it is still bearish.
We are in an uptrend clearly as it shows on the daily timeframe, we have strong support ,the chart pattern looks corrective of an Elliott wave zigzag and we have seen rejections from the trend line. all those are good reasons to have a long bias.
XAUUSD has made a double top price action pattern on the lower time frame so it is more likely to sell short term. a double top is a reversal chart pattern, not only that following the break and retest of the steep trend line we have some confluence here. lets wait and see.
My forecast for this week on GU is bearish. according to the price action seen, GU has broken an upward Chanel on the 4hour timeframe, on the daily it has formed a barrier triangle type pattern.
It appears after this pair has made a raising wedge we expect it to fall for now.
DOGEUSD is likely to go up after completing a ABC correction.
USDZMW is about to pull back to 18 then it will fall to 11
Ending diagonal pattern is most likely to happen but which bias do you support?
Dont mind the music just wanted to share my elliott wave idea on NZDUSD
Looks like a correction coming up ahead before we experience another fall
The correction seems to be over on BTCUSD expecting an up move,might go to 161.8% but am still bullish.