The EUR/CHF has completed its 5-wave bull cycle. It has completed its A and B wave too in the bear cycle. We expect the pair to make a strong bearish move and complete the C wave around 1.30000 price area.
The AUD/USD pair has formed a falling wedge pattern in the 15-min chart. It has currently broken out from the pattern. Hence we expect the pair to be bullish and move to its resistance level for now.
The AUD/CAD pair is currently in a uptrend. It has completed wave 3 of its bull cycle elliot wave. Hence we expect the pair to make a corrective move from here.
The GBP/JPY pair is currently in a rising wedge formation. Moreover it has been formed after a steep up rally. Hence we expect the pair to retract on breaking the supportive trendline.
The USD/CAD pair is currently in a rising wedge formation. It has formed two strong bearish impulse candles back to back, bringing it to the supportive trend line. Hence we expect the pair to break the trend line and initiating a short trade once the trend line is broken is a low risk high reward setup.
The USD/CHF is currently held by its long term resistance zone of 1.00600. Moreover, an engulfing candle candle has formed indicating the arrival of bears. Hence, we expect the pair to be bearish and move to the support zone indicated in the chart.
The GBP/JPY pair has formed a bearish bat formation. It is currently observing resistance at the levels of 147.5. Hence we expect the pair to pullback to the levels of 145.825.
The EUR/JPY pair has formed a triangle pattern in the 15 min chart. The symmetrical triangle patterns are continuation patterns and the prior trend is an uptrend. Hence we expect the pair to be bullish from here.
The EUR/AUD pair formed a double top pattern. However, after a strong bearish rally, it is currently at its supportive trend line. Hence we expect the pair to pullback to its resistance level of 1.60000.
The NZD/USD pair has formed a bearish gartley pattern. The price action is currently observing resistance at the zone of 0.67000. Hence, we expect the pair to retract to the support levels of 0.66124.
The GBP/USD pair is currently after 5 bear cycle waves is currently in a bear cycle. It has completed its wave A and wave B and kickstarted its wave C with a strong engulfing candle. Hence we expect the pair to be bullish and move to resistance levels of 1.34315.
The GBP/JPY pair is currently in a downtrend in the 4h chart. The 0/8 level of Murrey lines is lending support to falling prices. Hence we expect the pair to bounce to the resistance levels of 146.094.
The GBP/USD pair is currently in a strong bearish rally. The demand zone created by price action is currently lending support to the pair. Hence we expect the pair to make a pull back to the supply zone.
The Dollar Index has finally broken its long lasted trend line. There is a chance for a small pullback to retest the broken trend line. However, pullback or no pullback, we expect the index to move to its support level of 96.29.
The EUR/USD pair after a 1-5 bear cycle is currently in a corrective rally. It has completed its wave A and wave B with three waves respectively. Hence we expect the pair to emanate its wave C from here and the engulfing bullish candle has added strength to this set up.
The NZD/JPY pair has formed a bearish cypher pattern. It is currently resisted by the zone of 74.3000 too. Hence, we expect the pair to retract to its support levels of 73.563.
The GBP/CAD pair is currently in a downtrend in the 15 min. It is consolidating in the form of a bearish pennant pattern which is a continuation pattern. Hence, we expect the pair to resume its downtrend, when it breaks the pennant.
The EUR/USD pair is currently in a down channel formation in the 4h chart. A mini bearish trendline is formed within the channel which only adds strength to the bearish momentum. Hence we expect the pair to move swiftly towards its support levels placed at 1.12991.