AUDJPY ANALYSISAUDJPY is trading in downtrend
Price broke corrective uptrendline
Strong bearish wave (a) ended at level 81.35 then corrective bullish wave (b) rejected from key level corresponding to 50% Fibonacci level at 82.75
Below SMA 100
MACD shows bearish momentum
we r waiting price to break support level at 82.05 to open short trade
It's expected forming bearish wave (c) to target support level at 80.00
Crosses
AUDCAD ANALYSISStrong bullish wave (a) ended at level 0.9375 after breaking downtrendline
then corrective bearish wave (b) rejected from 61.8% Fibonacci level at 0.9298 with bullish movement
Price is based above HVN at level 0.9335 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows weakness in bearish momentum
RSI broke downtrendline
It's expected forming bullish wave (c) to target level 0.9420
EURCAD ANALYSISEURCAD broke major downtrendline
Bullish wave (a) ended at level 1.4820
then corrective bearish wave (b) rejected from key level corresponding to 61.8% Fibonacci level at 1.4670
Price is based above HVN at level 1.4715 which indicates that pair is in accumulation phase
Above SMA 100
It's expected forming bullish wave (c) to target level 1.4920
EURNZD ANALYSISEURNZD rebounded from downtrendline with bearish movement
Price is based below HVN at level 1.6815 which indicates that pair is in distribution phase
Below SMA 100
MACD shows weakness in bullish momentum
It's expected forming bearish Elliot wave 5 to target demand zone at level 1.6610
CADCHF ANALYSISCADCHF is based above key level at 0.7395
Price rebounded from lower limit of falling wedge pattern
MACD shows weakness in bearish momentum
We r waiting price to exceed HVN at level 0.7440 and upper limit of wedge pattern to open long trade
It's expected to target supply zone at level 0.7520
AUDJPY ANALYSIS AUDJPY is trading in uptrend
Pair is based above support level at 83.95
Price is based above HVN at level 84.25 which indicates that pair is in accumulation phase
MACD shows bullish momentum
Price broke upper limit of continuation falling wedge pattern
It's expected for coming bullish wave to target resistance level at 85.80
Elliott Wave Analysis: XRPBTC May Retest 2017 LowsHello Crypto traders!
Today we will talk about XRPBTC cryptocurrency cross pair as we see an interesting development.
Well, XRPBTC is down since the beginning of 2018 and we see it trading in third leg C, but wave C is a motive wave and it has to completed with five waves, ideally as part of an ending diagonal (wedge) pattern, which can retest 2017 lows before we will see a bullish reversal.
Something similar has already happened between 2015 and 2017 and if we consider that BTC.Dominance is trading at the lows and strong support, then we would not be surprised if XRPBTC remains in the downtrend for some time.
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NZDCAD ANALYSISNZDCAD rebounded near daily demand zone with strong bullish movement
Price broke downtrendline
Pair is forming inverted Head & Shoulders pattern
RSI is in uptrend
we r waiting price to exceed next resistance level at 0.8865 to open long trade
It's expected to target HVN at level 0.8945
NZDJPY ANALYSIS NZDJPY is trading in uptrend
Price broke corrective downtrendline
Price is based above HVN at level 78.00 which indicates that pair is in accumulation phase
Pair is based above key level
Above SMA 100
MACD shows start of bullish momentum
RSI broke downtrendline
It's expected to target upper edge of price channel near level 79.50