As we mentioned in our previous post, 1.18700 is a strong resistance for EUR/USD. Now, it has formed a head and shoulder at the zone and is coming strongly. The next support is only at 1.17500 and we expect a free ride to bears till then.
The counter is currently forming an ABC correction. It has completed the w and x waves of the wave B and is now moving up to form a wave y. Hence, we expect the pair to be bullish in the near-term.
The counter is currently in an ABC correction. It is now in its final stage for wave B looking out for support. We expect the pair to find its support around the current price point and head higher.
The counter is currently forming an ABC correction. It is now in its second leg which is of the wxy wave form. Now, the pair is making a bullish move to complete the wave y and hence we expect the pair to be bullish in the near-term.
The counter has formed a double top pattern in the short-term. Further, it has broken down with a strong bearish candle. The formation interpreted a solid distribution around 0.667 levels. Hence, we expect the pair to slide down from here.
The counter has made a retest of the broken head and shoulder neckline. It has made the retracement in the form of a bearish flag and has broken down from it. Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.
As we suggested earlier, the counter is currently in an ABC and has moved down significantly. Now, it is forming a triangle in the short-term charts. We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.
The counter broke the resistance of 105.8 but was unable to sustain above it. It has then encountered a strong sell-off and has broken a bullish trendline. Hence, we expect the pair to be bearish in the near-term.
The counter formed an inverted head and shoulder pattern and rallied up to higher levels. It has pulled back to the broken resistive trendline which is acting as support now. We expect the pair to find head higher from here.
The counter has made a strong base formation at the low and has made a bullish breakout. It has broken the immediate trendline and a short-term resistance as well, validating the bullishness. Hence, we expect the pair to head to higher levels from here.
The counter is currently in a descending channel formation. It has made an inverted and cup and handle formation within that. Further, the price is currently hovering around a strong supply zone. Hence, we expect the pair to be bearish in the short-term.
The counter is currently in an ABC correction mode. It has completed wave B and is sliding down with low momentum. Further, the entire formation could be interpreted as a bearish flag formation. Hence, we expect the pair to bearish in the short-term and complete wave C.
Bitcoin has formed a head and shoulder pattern against the dollar and has broken the neckline. Further, it has formed after a significant uprun, which validates the pattern. Hence, we expect the counter to be bearish in the near-term.
The counter is currently trading around a strong resistance zone that triggered a sell-off previously. According to the wave, it has now completed the ABC correction for the down move it made. Further, the entire setup looks like a head and shoulder in the higher timeframes. Hence, we expect the pair to move down from here.
The zone of 71.100-200 proves to be a tough nut for the pair. Despite multiple attempts, the price is unable to break above it. Further, the price action has formed an evening action star pattern at the resistance zone. Hence, we expect the pair to be bearish in the near-term.
AUD/JPY has bounced off from a supportive trendline. However, the recent fall has depleted the bullish momentum in the counter its now in a rising wedge formation. We expect the pair to move to trade with a bullish bias.
The counter has made a double top pattern at the highs. It has broken a critical support level at 115.72, which validates the double top. Hence, we expect the pair to be bearish in the short-term.
The counter is maintaining its positive bias by holding the support of the ascending channel. As the preceding move also steep, the price needs a bullish correction at the least. Hence, we expect the pair to be bullish for the next few sessions.