The counter has made a double top pattern. It has broken the neckline in the 1-hour chart and is consolidating just below it. Hence, we expect the pair to bearish in the near-term.
The counter is currently in a bull cycle and it is in corrective phase in the form of wave 4. Further, the correction is in the form of a bullish flag pattern. And the critical support level of 0.90194 which acted as resistance will provide support in case pair comes down. Hence, we advise the traders to go long on the break of the flag pattern and until the pair...
The counter is currently in a symmetrical triangle pattern. It has hit the upper end of the triangle and is coming down strongly. The critical resistance level of 109.933 is set to cap the rally from now on. Hence, we expect the pair to hit the lower end of the triangle for now.
The counter has formed an inverted head and shoulder pattern. It is currently hovering around the neckline and teasing the bulls. If it crosses the resistance level of 0.64643 and sustains above it, then traders can go for a buy.
The counter has formed an inverted head and shoulder pattern. It is currently hovering around the neckline and teasing the bulls. If it crosses the resistance level of 0.64643 and sustains above it, then traders can go for a buy.
The counter was in a consolidation phase and after a steep upswing. However, it has broken down the critical support level of 1.29254. It could trigger a profit booking rally and hence we expect the counter to be bearish in the near-term.
The counter is currently in a sideways trend. And it has crossed its midpoint of the sideways range, which indicates its traction to the upside. Hence, we expect the pair to move to its upper end of the range for now.
The counter is in a strong short-term bull trend. The recent correction in the counter in the form a bullish flag pattern has ended with a break out of the pattern. Hence, we expect the pair to continue its up trend and hit the resistance levels of 0.68833 and 0.69034.
The counter is currently in a short-term bull cycle. After a sharp up move, it consolidated in a short-range, which is wave 4 according to Elliott wave. Now, it has broken out of the range indicating that wave 5 has commenced. Hence, we advise traders to stay long in the near-term.
The counter is currently in a near-term bear cycle. It has completed its wave 4 and wave 5 is due, as indicated in the chart. Further it has broken a critical support level which has now turned into resistance. Hence, we expect the pair to head to the next support level at 109.146.
The counter has completed its short-term correction in the form of ABC wave. And the price zone around 109 seems to be a tough nut to the pair. The same zone offered resistance during the downtrend and now during correction. Further, it has formed a small double top pattern at the top (resistance zone). Hence, we expect the pair to resume its downtrend from here.
The counter is currently trading within the long-term range of 0.76232-0.73160. It hit the upper end of the range and formed an evening star candle, which indicates the completion of up move. Hence, we expect the pair to move to the lower end of the range in the short-term.
The counter has consolidated in the past few days after a decent bull run. Now, it has formed a double bottom pattern in the smaller time frame and sizing up for a big move. With the fed widely anticipated to cut the rate by 25 bps today, we expect the counter to be bullish in the short-term.
After a sharp spike, Bitcoin is currently consolidating in a narrow range. The price action has steadied validating the spike and there is also support at 8800 zone to the aid of bulls, if need be. Hence, we expect the counter to be bullish in the near-term.
The counter has formed a bullish bat pattern. It is currently supported by the Potential reversal zone of the pattern. Hence, we expect the pair to turn around and go the resistance level of 1.45345.
The counter formed head and shoulder pattern and broke the neckline. It made a significant down move yesterday validating the break. Now, it is retreating to test the broken line which is a good short entry point. Hence, we advise traders to go short and expect a decent downtick.
EUR/AUD is currently moving in an ascending channel pattern. It is currently at a confluence of support levels - price action and low parallel. Hence, we expect the pair to gain buying traction and move higher from here.
The counter is currently in his last leg of bearish correction- wave 3. Further it has tested the resistance of 121.369 and unable to clear it. Now, it has formed a rejection candle at the resistance, which is a weakening sign. Hence, we expect the pair to be bearish in the short-term and move to the support levels of 119.992 and 119.218.