The counter made a steep after forming a head and shoulder pattern. However, it found buyers at lower levels and pulled back only to be capped by neckline. Further, the pullback has formed in a bearish bat structure. Hence, we expect the pair to be bearish in the near-term.
USD/CAD Wave Analysis The counter is currently in a 5-wave bear cycle. It made a pullback in a w-pattern which could be interpreted as wave 4. Now, it has topped out with a rejection candle and hence, we expect the pair to move to lower levels to complete wave 5.
USD/CAD Wave Analysis The counter is currently in a 5-wave bear cycle. It made a pullback in a w-pattern which could be interpreted as wave 4. Now, it has topped out with a rejection candle and hence, we expect the pair to move to lower levels to complete wave 5.
As we suggested earlier, the counter completed its long-term uptrend. Now, it has been confirmed through the formation of a head and shoulder pattern. Hence, the pair can move to lower levels in search of support and we have marked the best points to emerge as support.
The counter has made a W-pattern at the lows and has broken the neckline. Further, it has broken the immediate trendline as well. Hence, we expect the counter to be bullish in the near-term.
The counter has broken its immediate trendline. Further, it made a head and shoulder pattern and broke down from the neckline. Hence, we expect the pair to be bearish in the near-term.
The counter has kicked off a short-term bear cycle and it is now at its wave 4. Further, the wave 4 correction could be interpreted as an expanding triangle pattern. It hit the top of the triangle and is now cooling off which we believe is a new bear cycle in the near-term. And a head and shoulder pattern has formed as well and hence we expect the pair to be...
AUD/USD has been rising through a steep rally last few months. It has now hit a strong brick wall (zone) of psychological level 0.70 and price action resistance 0.70270. After this big rally, it is prudent to expect profit booking and the break of immediate trendline and support of 0.69575 makes it evident. We expect some more profit booking in the near-term and...
The counter is brimming with bullishness. It is currently moving like a parabolic wave and is at its second leg. Now it is in a short-term correction in the form of falling wedge pattern. We advise traders to go long on the bullish breakout of falling wedge pattern and hold the position till the bullish trendline holds.
The counter is currently in a strong downtrend. It has pulled back to a confluence of resistance levels. One- price action resistance zone. Two- Bearish trendline. We expect these levels to cap bullish rally and nudge the pair down.
The counter has broken down from a bearish flag pattern. It is currently consolidating just below the broken trendline. Hence, we expect the pair to head down from here.
The counter is forming a descending triangle pattern. It is forming at the highs which could indicate a topping out formation. However, we advise traders to initiate short trades once the pair breaks and sustains below the support level of 0.61122.
The counter is moving in a sharp uptrend. The price is currently in a dip which is a good opportunity to buy. Further, a bullish trendline comes to the aid of bulls. Hence, we expect the pair to head higher from here.
The counter has crossed a critical price action value of 1.16783. It is now consolidating just above that level. Hence, we expect the pair to move up in the near-term.
The counter has formed a ascending triangle pattern. It is currently on the verge of a breakout, Hence, we advise the traders to buy it after the price sustains above the level 0.59132 and expect movement to higher levels.
The counter is currently in a sideways range in the short-term. It hit the lower end of range, made a false break and is now spiking up. We expect the shorts to have trapped fake out and hence a sharp move to the upper end of the range.
This counter is in a range bound movement in a downtrend. It takes the support as resisitance & moves in a negative direction. Hence, it will be bearish from here.
This counter currently is in a rising wedge formation in a uptrend movement. it broke that formation & moves downwards. Hence, it will be bearish from here.