The AUD/NZD pair has completed its 5 bull cycle waves. The bear cycle’s wave a is completed at the support level of wave 4. Hence, we expect a small bullish rally from here.
The bullion metal gold is currently in a ascending triangle pattern. It gave a false breakout above the resistance line and is now currently hovering around trend line. Hence there is a good chance for bearish breakout On the contrary if it breaks above the resistance line, then a bullish rally can be expected.
The GBP/USD pair has formed a bullish gartley pattern. It is currently taking support at the zone 1.28017. Hence we expect the pair to move sharply up from here.
The dollar Index is currently in bullish channel formation. It is currently at its supportive trendline. Hence we expect the pair to bounce back from here and move towards the resistive trendline.
The AUD/USD pair has breached its strong support of 0.70562 in the 15-min chart. It currently trying to retest the broken support. Hence, it is a good time to initiate short positions during the bounceback.
The dollar index completed its bull cycle with 5-elliott waves. It started its bear cycle with an impulse wave and is currently retesting its previous high. Furthermore, it has formed a bearish gartley pattern in the due process. Hence, we expect the index to face resistance here and resume its bearish move.
The GBP/CAD pair has formed a bullish bat pattern. The price zone of 1.67100 is currently lending support. Hence we expect the pair to bounce off and move to resistance levels of 1.69023.
The NZD/USD pair has formed a head and shoulder pattern in the the hourly chart. It has broken the neckline and currently consolidating below the neckline. Hence we expect the pair to be bearish from here.
The GBP/USD pair is currently in a descending channel formation. It is currently in a steep downward rally. We expect the supportive trendline to lend support and push the price upwards
The AUD/USD pair after hitting a double bottom is currently in an uptrend in the 15-min chart. It is currently in its 4 th wave of the Elliott wave. Hence we expect the pair to be be bullish and make a fifth wave from here.
The EUR/USD pair is currently in a downtrend in the daily. It has completed its 5 waves and is undergoing corrections in form of WXY waves. It has completed its W & X wave and is due for a Y wave, which we anticipate will have 5 waves. Hence it is a good time to hop in to a buy trade.
The AUD/JPY pair is currently in downtrend in the 4 hour chart. It has completed its 5 waves and is undergoing a flat correction. Hence we expect the pair to its resistance zone of 80.700.
The bullion metal have a sideways movement gave a bullish breakout. It is currently consolidating in the form of a symmetrical triangle pattern. Hence a bullish breakout can result in a steep upside rally. On the flipside if it makes a bearish breakout prices can correct before resuming its upside rally.
The CAD/JPY pair has is currently in an ascending channel. But it has formed a head and shoulder pattern which shows weakness in the pair. Hence we expect the pair to give a bearish breakout from the ascending channel.
The GBP/JPY pair is currently in a downchannel formation. It is currently at its resistive trendline. Hence we expect the pair to reverse its course of action and move south from here.
The dollar index has broken the key support levels of 94.43. It is currently retesting the broken support and facing rejections. Hence we expect the dollar index to move south from here and reach the support levels of 93.73 and 93.37.
The EUR/USD pair has broken the key resistance levels of 1.17206. It is currently retesting the broken resistance and converting it to a support. Hence we expect the pair to be bullish and move to the levels of 1.18536 and 1.19155.
The EUR/USD has completed a full elliot wave(5-wave) and is undergoing ABC correction. The corrective waves are in the form of 3-3-5 form and there are 4 more wave yet to come in the ‘C’ wave. Hence we expect the pair to to move to the support levels of 1.15300.