USDCAD & OIL are both boxed between support and resistance levels. By looking at the wedge being formed by ROC, a breakout is imminent by the end of May.
GBPAUD has retraced to 0.618 Fib at the bottom of channel. In confluence a hidden bullish divergence is also building. A target to the top of the channel at 2.0000 handle can be set.
EURUSD can touchdown 0.8800 after breaking the longterm trendline and H&S neckline. A short position can be taken once and if the 1.0400 support is broken.
In USDJPY and Nikkei 225 correlation, Yen's recent move has been muted and showing divergence with Nikkei 225. Catchup rally is quite possible.
AUDUSD is finding massive support at 0.7700 handle. If it breaks, next stop could be 0.7100
GBPUSD is looking to revert to 1.5200 handle which is a strong structural support with Wolfe Wave 5-6 being formed.
USOIL double topped and ready to test $54 handle third time. Needs to break this resistance to be considered bullish. If it breaks next stop could be $59. entry can be taken from 54.60 handle.
AUDCAD making an H&S pattern. It could be a massive 550 pips move for the right shoulder completion and thereafter the previous support level at 0.9200 handle.
USOIL bouncing off 0.618 Fib. AB=CD will take it to 58 ERROR: The title should be 0.618 Fib
GBPJPY is ripe for a bounce back to test 200.00 handle which is a long term resistance level since 2004. Price action is bouncing off the channel bottom.
XAGUSD seems to be forming Wolfe Wave 4-5 towards 15.50 triple bottom support level. Target TG can be set at 15.75 with stop SL above 18.50.
EURGBP forming another flag continuation pattern around 0.382 Fib retracement. Target TG can be set at 0.7250. Stop at 0.7588
USDJPY could be range bound for months before it breakouts. Last year it stayed in tight range for 7 months before it broke out.
GBPAUD is setting up Wolfe Wave 4-5 towards resistance @ 1.9700/2.0000 area. Once 4-5 wave is complete a target TG can be set at 1.8000 handle which is also a long term support level. Stoploss can be set above 2.0000 level.
EURGBP is completing Pennant continuation formation just before the BoE speech and FOMC announcement. If breaks the pennant support at 0.7450, a short position can be taken towards the target at 0.7250. This target is also a long term structural support level.
AUDUSD seems to be bouncing off 0.382 FIB and forming Flag Continuation pattern. AB=CD pattern is also being formed which opens a target at 0.7650 handle (if the flag support breaks). This target level is also a long term structural support level. NOTE: FOMC meeting is a risk to this setup which may get invalidated.
EURGBP has broken multiyear trendline, structural support and 0.5 Fib retracement. Target TG1 can be set at 0.618 Fib level (0.7244 handle) and Target TG2 at 0.764 Fib (0.6643 handle). Stoploss can be set just above the 0.382 FIb level.
USDCAD on it's way to 1.3000 handle to complete the Cup rim formation in Cup and handle pattern and retesting the old highs of 2009. On it's way to form the handle it may drop to the support at 1.18500.