USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110 .
At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles.
I will update the downside scenario while it...
Here, presenting the EUR/USD 15m chart. To make it easy to understand, I have used particular shapes and an indicator. ADX is less than 25 , which means a downtrend, but DI+ is above DI- which shows an uptrend. If it crosses the support line, it will fall up to certain levels 1.2090 - 1.2076 - 1.2060 . But if it does not break the support line, then the...
It is the AUD/USD 2hr chart. At present, it's rising by taking the support of the minor support trendline. The trend moves the same as the previous then, it will touch the following targets 0.7390 - 0.7422 .
But if we analyze the trend, it's trying to break the minor support. RSI also shows the downtrend. So, if it falls, the trend will reach the following...
It's an hourly chart of USD/JPY. The USD/JPY is trying to make a structure of the double top pattern. But rightnow, we can't call it a double top pattern. If it crosses the neckline then, it will become a double top pattern. To touch the neckline, it has to cross 104.26 . I have applied the indicator (RSI), which indicates a fall.
But what if it continues to...
Here's the hourly chart of GBP/USD. GBP/USD is moving upwards currently. I have applied the moving average of 20 and 50 to forecast the future of the trend. There is a symmetrical triangle also.
If the trend crosses the support trendline and reaches 1.3286 and crosses this level too, Then it will reach 1.3252 .
But if it moves upwards, it will touch ...
Here, I am presenting USD/JPY with a pitchfork to assume the next step. At 103.90 there is a hurdle . At present, the trend is moving sideways. But if it crosses the hurdle(103.90) , then it will touch the following targets 104.06 - 104.26 . And if there is a beginning of fall, then the targets for the intraday traders will be 103.56 - 103.26 .
The EUR/USD made an Elliott wave . By following the RSI, Bollinger Bands, the conclusion we can have that if the trend remains over the parallel channel, then there will be an uptrend up to 1.1892 - 1.1906 .
And if it's a consecutive candle breakdown a parallel channel, there will be a downtrend and reach the following targets 1.1860 - 1.1844 .
It is the hourly chart of EUR/USD. It is an uptrend. Whenever it crossed the dynamic resistance and made a tail , the trend falls. And whenever it crossed the support trendline to make a tail , there is an uptrend ahead. Here, it's crossed the support trendline. Therefore, there will be an uptrend to the following targets 1.1920 - 1.1886 .
AUD/USD is indicating a fall right now. The trend crosses the support trendline, and it will touch the following targets 0.7306 - 0.7296 . Overall it's an uptrend. After a fall of short period, there will be a continuation of the uptrend.
At present, EUR/ASD's downtrend is moving sideways between the resistance and support. The trend will continue this movement, But if it crosses the support trendline, it will touch the following targets 1.6166 - 1.5960 . There is a possibility to touch the 1.6300 if the trend hits the support trendline and takes a U-turn. Stoch RSI indicates that there will...
This chart of NZD/USD shows the uptrend. There is an Elliott wave.
In the third wave, there is a symmetrical triangle .
After the fifth wave, there is an ABC correction, and C must be between 0.68820-0.68670-0.68585 .
BTC/USD made a symmetrical triangle. Currently, it's crossed the upper descending trendline (resistance). But if it crosses the 15810 , there will be an uptrend. And it will touch the following levels 16420 - 16670 .
But if BTC/USD starts to fall, it will fall to the following levels 15025 - 14901 - 14740 .
The uptrend of XAU/USD has made a bullish Elliott Wave. In the fifth wave, there is a diagonal, and ABC correction is remaining.
It will fall for a short time to make the ABC correction. The targets for the intraday traders are following 1952 - 1946 - 1936 .
If the gold retests 1965, then it will start to rise again for the levels of 1976 - 1982+
Crypto is making the Elliott wave pattern, but ABC correction is remaining. We can assume the A point around 378.60B , and B point near 426 , and the C point will be around 320 . After that, there is a high possibility of reversal. The third wave includes a diagonal triangle.
The USD/CHF made two bullish Elliott waves, and it's making the third Elliott wave, but this one is bearish. This chart is all about learning to apply the Elliot wave pattern. The first bullish Elliott wave started on the 21st of October and ended on the 23rd of October . And the second bullish Elliott wave started on the 23rd of October and ended on the 4th...
SBI is currently moving under the control price and making a parallel channel. But because of the election, all the markets will get affected. Right now, it's trying to move upward to cross the control price ( 213 ).
If it crosses the control price, then it will touch the following levels 217.70 - 226.30 . That means the control price will react as support the...
The downtrend of EUR/GBP shows that EUR/GBP will probably touch a major trendline, and it will touch the targets 0.9000 - 0.9060 . By following the Moving average, I suggest traders buy at a price after the above crossing of Price the MA 200 and sell at a price below the 200MA.
But because of an election, there is a possibility of fluctuations. Therefore maybe...
GBP/USD has broken the downtrend and started rising upward. But how far it runs? There's a hurdle ( 1.3016 ). It can take a reversal from the hurdle level for the levels of 1.2978 - 1.2923 . And the downtrend will resume after the breakout of the last target.
What if it breaks the hurdle?
I prefer to take a long position after the breakout of the hurdle level....