GBP/USD has formed a multiple inverse head and shoulder pattern. It is currently kissing its neckline, which is a high impact resistance. However we expect the neckline to be taken down by the bulls. Safe traders can enter once the neckline.
EUR/AUD has formed a double bottom pattern in the 30-minute chart. It has broken its key resistance level of 1.57605 and currently retesting it. Hence, it is a good time to trigger long trades.
It seems EUR/USD has reversed its downtrend after all. Bouncing from the support levels of 1.12500 and breaking its bearish trendline but more importantly, with a good momentum. Hence we expect further bullishness to creep into this counter.
Gold is currently in its wave 5 of its bull cycle. It has also broken its critical resistance at 1239.27 Hence we expect the bullion metal to reach its resistive trendline.
EUR/CAD has broken out of its triangle formation. It is currently retesting its broken trendline. Hence we expect the pair to bearish for short term.
The USD/CHF pair has formed a impulse wave earlier It is currently constructing corrective bearish moves we expect the pair to be bullish reversal at the critical support 0.98950.
USD/RUB is currently resisted by a downward trend line. The supportive trend line is not helping it to go up either. Hence we expect the supportive trend line to breakdown which could instigate a selling pressure from here.
AUD/JPy is currently in falling wedge formation. After hitting its resistive trendline it is currently in a steep downfall. Hence we expect the pair to reach its supportive trendline.
EUR/NZD after 5 impulse waves has currently undergoing correction Bullish break-out of the bull flag which is a continuation pattern we expect the pair to move to the resistance level 1.67560 value.
EUR/USD is trapped in a symmetrical triangle pattern. It is currently at its supportive trendline. Hence we expect the pair to move to its resistive trendline from here.
After completing its bear cycle, NZD/JPY is in a bear cycle now. We expect the last leg of the corrective wave, wave 3, to commence from here. Hence traders can rollout shorts from here.
Dollar Index is currently in a range bound movement. It is currently at its top of its range. Hence an impulse move to the bottom of the range can be anticipated.
USD/CAD has formed a bearish shark pattern in the daily chart. It has also a rejection candle at 1.34500. Hence we expect the pair to retreat to its support level at 1.32282.
Ripple has formed a bullish bat pattern. It has formed after a long downhauling movement. Hence we expect the pair to enter a profit booking phase and retreat to 0.40155.
The AUD/ USD pair is in a state of free fall after the trade war truce. But it has currently reached a demand prone zone. Hence we expect profit booking here and a move to the supply zone is imminent.
Gold has formed a AB=CD pattern. It is currently facing resistance at the levels of 1240. Hence we expect the bullion metal to retreat to its support level at 1230.
NZD/JPY has formed a bearish pennant pattern after a bearish rally in the 15-minute chart. The pennant pattern is a continuation pattern. Hence we expect the pair to be bearish upon breaking the pennant pattern.
GBP/JPY has formed a bullish bat formation. Moreover it has taken support at the levels of 143 and formed a bullish engulfing candle. Hence we expect the pair to move to the resistance levels of 145.938.