Crude Oil has overstretched its bear really. According to Elliott wave, it requires a ABC correction for now. Hence we expect it to be bullish for short term and reach the range of 49.52 from here.
EUR/USD is currently resisted strongly by the value 1.14878. A bearish engulfing candle has also formed at the resistance. Hence we expect the pair to move to the supportive trendline from here.
EUR/GBP is currently in an expanding flag formation. It is currently at a strong resistance, as per price action. Hence we expect the pair to reach the supportive trend line from here.
After a long bearish move, NZD/CHF is currently in a pullback mode. It has crossed the critical resistance at 0.66260. Hence we expect the pair to continue its pullback rally and reach the bearish trend line.
USD/CAD is currently in an ascending channel formation. The resistive trend line has catapulted the price action with consecutive strong bearish candles. We expect the pair to reach the supportive trend line from here.
EUR/USD after breaking the resistance at 1.14198 is currently in a retracement rally. Moreover a strong bearish engulfing candle has formed at the resistance. Hence we expect the pair to be bearish and move to support level at 1.13069.
EUR/CHF is currently in a downtrend. After a strong down move, it is currently in a bearish flag formation. Hence we expect the pair to move to its support at 1.12155.
EUR/CHF is currently in a bear trend. It is currently resistance at an acute sloping trendline. Hence we expect the pair to move to its support at 1.12237.
AUD/NZD has formed a bearish pennant pattern. It has broken out of its formation with a strong bearish candle. Hence we expect the pair to be further bearish from here.
USD/CHF is in a bear corrective cycle and has completed its wave B. It has made bearish break out of the flag for the 'C' corrective wave. Hence we expect the pair to revamp its bearish move to the support 0.97600.
AUD/JPY is in an Descending channel formation and is at its minor supportive trend line. Also, it has been forming a bull flag pattern. Hence we expect the pair to be bullish and reach the resistive trend line.
CAD/JPY has completed its wave 3 of a bear cycle and is in a retracement. It is currently at a demand zone as well. Hence we expect the pair to move to the resistance at 82.517.
USD/CHF is currently in a sideways movement in the 1-hour chart. It has bounced from its support, at 0.98624, strongly with a bullish candle. Hence we expect the pair to be bullish and reach its resistance of 0.99563.
GBP/JPY has formed a bullish butterfly pattern. It is currently facing rejections at the levels of 140.5. Hence we expect the pair to retract the levels of 141.540.
EUR/GBP is in bullish flag formation. It is currently making a move towards its supportive trendline. Hence we expect the reach the range of 0.89100 from here.
Crude Oil after a monstrous rally has lost its downward momentum. It is currently in a falling pattern and at its supportive trendline. Hence we expect a pullback from its current levels, subject to a bullish breakout from the falling wedge pattern.
GBP/JPY has broken its key support level of 142.975. It is currently retesting its broken support level. Hence we expect the pair move south as long as the resistance holds.
GBP/CAD has bounced off sharply from its support levels at 1.67216. It has a potential inverted head and shoulder in the making too. Hence, we expect the pair to reach the resistance levels of 1.71710 from here.