EUR/CAD has formed a double bottom pattern in the 15-min chart. Further, it has broken out of a bullish pennant pattern. Both patterns confirming bullish strength of the pair and hence we expect the pair to trade with positive bias from here
USD/CHF has crossed a critical support level at 0.99641. It has tested the broken support too and resisted by bears. Hence we expect the pair to be bearish and move down side.
EUR/JPY has broken its rising trendline, formed in the 1-hour chart. It has broken with a strong impulse candle. Hence we expect the pair to move to its support at 124.963 and traders can short in a pullback.
The resistance at the zone of 1.13400, seems to be a tough nut to crack for EUR/CHF. The pair is in a range bound movement and is racing towards its lower half of the range now. Hence we expect the pair to move to the support at the zone of 1.12213.
NZD/CHF has formed an expanding triangle pattern. After observing resistance at the resistive trendline, it is currently moving towards the supportive trendline. Hence we expect the pair to be bearish and move south from here.
AUD/CHF has formed a double bottom pattern in the 1-hour chart. It has broken above its key resistance at 0.71300. Hence we expect the pair to be bullish and move to the resistance at 0.71595.
EUR/USD has formed a falling wedge pattern. It has broken resistive trend line and is currently consolidating. Hence we expect the counter to be bullish and move to higher levels.
USD/JPY is in an up trend, for the short term, in the 1-hour chart. It has formed a bullish trend line and is now consolidating with a bullish flag pattern. Hence we expect the short-term bull run to continue further from here.
EUR/GBP is at its bearish trendline. Also, two back to back bearish engulfing candles have formed at the trendline indicating the strength of the bears. Hence we expect the pair to be bearish and head south from here.
USD/CHF has formed a bearish bat pattern. It is currently observing resistance at 0.99524. Hence we expect the pair to be bearish and move to the support levels at 0.98565.
The dollar has broken its trendline in the 1-hour chart. It is likely to move to the support level at 95.64. Hence traders can initiate short trades in dollar denominated pairs.
Crude oil is currently in a bearish flag pattern in the 30-min chart. It is currently hovering around its resistive trendline. Hence we expect it to be bearish as long as the resistive trendline holds.
GBP/JPY is currently in a sideways trend. It is at is upper end of the range right now. Hence we expect the pair to witness selling pressure and move to the support at 137.591.
NZD/CHF has formed a head and shoulder pattern in the 4-hour chart. It is currently hovering around its neckline. We expect the neckline to be broken and the pair to move on next support levels placed at 0.66342 and 0.65909.
CAD/JPY is currently in a pullback trade in the 30-min chart. The pullback seems unconvincing with a rising wedge formation. Hence we expect the pair to face selling pressure from the bears and move downside from here.
EUR/GBP is in a sideways movement in the 1-hour charts. It is currently at its upper end of the range and has formed a bearish engulfing candle. Hence we expect the pair to move to its lower end of the range - support at 0.89518.
Dollar Index is currently in its bear cycle - ABC wave - in the daily chart. It has also crossed the critical support level at 96. Hence we expect the index to move to the next level at 93.85.