GBPAUD ANALYSISGBPAUD is forming broadening pattern
Price is based below key level at 1.8350
MACD shows bearish momentum
It's expected for the continuation of bearish movement to target support levels 1.8138, 1.8010 respectively
Crosses
EURAUD ANALYSISEURAUD broke uptrendline
Pair is based below HVN at level 1.6488 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
RSI is below level 50
It's expected for coming bearish movement to target first key level at 1.6350
then finally target support level at 1.6230
USDCNH ANALYSISUSDCNH rebounded from downtrendline with bearish movement
Price is rejected from 50% Fibonacci level at 6.9252
Pair is based below key level
Below SMA 100
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected for coming bearish wave (c) to target daily demand zone at level 6.8454
NZDCAD ANALYSISNZDCAD broke major uptrendline
Pair respects downtrendline
Based below key level between levels 0.8712 and 0.8743
Price rejected from HVN at level 0.8743 with strong bearish movement which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows weakness in bullish momentum
RSI is below level 50
Price now is forming bearish Elliot wave (5)
It's expected for the continuation of bearish movement to target support level at 0.8340
CADCHF ANALYSISCADCHF retested broken major downtrendline
Price is based on SMA 100 on H4 frame
MACD shows weakness in bearish momentum
It's expected for coming bullish movement to target first key level at 0.6905
then finally target resistance level at 0.70000 which corresponds to HVN
EURJPY ANALYSISEURJPY rebounded from strong daily supply zone at level 126.70 with bearish movement
MACD shows start of bearish momentum
RSI rebounded from overbought region
It's expected for coming correction to target key level and restest major uptrendline near level 124.20
EW Analysis: BNBBTC Remains Bearish: Wedge Pattern Formation?Hello traders!
Today we will talk about BNBBTC and its price action from Elliott Wave perspective.
BNBBTC is clearly bearish, but it's obvious that is slowing down. However, we still see room for more weakness, especially because of the recent three-wave intraday corrective recovey only. So, it's ideally unfolding a bigger ending diagonal (wedge pattern) into wave C that can send the price even down to important November 2018 and 0.0012 support level.
The main reason why we think so is because BNB(Binance) is currently not so strong and we also believe that BTC dominance will come back soon, so all these evidences suggest that BNBBTC may stay under bearish pressure. Count would be invalidated only in case of a rise back above 0.0023 level.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
GBPAUD ANALYSISGBPAUD broke uptrendline
Price is based below HVN at level 1.8241 which indicates that pair is in distribution phase
below SMA 100
MACD shows bearish momentum
RSI is below level 50
we r waiting price to break next support level at 1.8212 to open short trade
It's expected for coming bearish movement to target key level at 1.8065
EURGBP ANALYSISEURGBP broke major uptrendline
Price is based below HVN at level 0.9036 which indicates that pair is in distribution phase
Price respects downtrendline on short term
Below SMA 100 on H4 frame
MACD shows bearish momentum
It's expected for coming strong bearish movement to target first support level at 0.8865
then finally target demand zone at level 0.8685
GBPJPY ANALYSISGBPJPY broke major downtrendline with strong bullish movement
Price now is in accumulation phase
Above SMA 100 on H4 frame
MACD shows bullish momentum
RSI broke downtrend
Above HVN at level 134.44
we r waiting price to exceed resistance level at 139.20 to open long trade
It's expected for coming explosion to target level 143.00
NZDJPY ANALYSISNZDJPY broke lower edge of continuation rising wedge pattern at level 70.07
Pair is based below key level at 70.70
Price is based below HVN at level 70.15 which indicates that pair is in distribution phase
Below SMA 100
We r waiting price to restest HVN level to open short trade
It's expected for coming bearish movement to target demand zone at level 68.15
EURGBP ANALYSISEURGBP respects uptrendline
Price is based above key level at 0.8980
Price is based on HVN at level 0.9036 which indicates that pair is in accumulation phase
we r waiting price to break corrective downtrendline and exceed resistance level at 0.9041 to open long trade
It's expected to target resistance level 0.9135
CHFJPY ANALYSISCHFJPY respects uptrendline
Price broke consolidation triangle with strong bullish movement
Above SMA 100
MACD shows bullish momentum
Above HVN at level 114.58
It's expected for the continuation of bullish movement to target strong daily supply zone at level 118.00
AUDCAD ANALYSISBearish movement occurred on AUDCAD Pair after forming 3 drive bearish pattern
Price rebounded from overbought region
It's expected for coming correction to target first key level at 0.9430
then finally target demand zone at level 0.9280
CADCHF ANALYSISCADCHF is below downtrendline
Price is based below key level at 0.6900
Price is based below HVN at level 0.6928 which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows bearish momentum
It's expected for the continuation of bearish movement to target first next support level at 0.6735
then finally target demand zone at level 0.6600
CADJPY ANALYSISCADJPY formed 3 drive bullish pattern
Price rebounded from demand zone at level 78.35
MACD shows bullish momentum
we r waiting price to exceed HVN at level 78.69 to open long trade
It's expected for coming bullish movement to target supply zone at level 79.90
EURGBP ANALYSISEURGBP rebounded from strong supply zone at level 0.9140
Price is based below HVN at level 0.9108 which indicates that pair is in distribution phase
Below SMA 100
We r waiting price to break next support level at 0.9080 to open short trade
It's expected for price going down towards key level at 0.90000
then finally target demand zone at level 0.8940
EURGBP ANALYSISEURGBP rebounded from supply zone at level 0.9125 which corresponds to 78.6% Fibonacci level
MACD shows bearish momentum
It's expected for coming bearish wave to first target HVN at level 0.9039
then finally target demand zone at level 0.90000
CADJPY ANALYSISCADJPY rejected from uptrendline with bullish movement at level 79.099
Price is based above HVN at level 79.15 which indicates that pair is in accumulation phase
RSI reached oversold region
It's expected for coming bullish wave to target supply zone at level 80.15
EURAUD ANALYSISEURAUD is based above demand zone at level 1.6175
after forming double bottom pattern
MACD shows bullish momentum
We r waiting price to exceed next resistance level at 1.6235 which corresponds also to HVN to open long trade
It's expected for bullish movement to target supply zone at level 1.6040
GBPNZD ANALYSISGBPNZD rebounded with bullish movement from demand zone at level 1.9020 after forming false breakout
RSI reached oversold region
It's expected for coming strong bullish wave to first target key level at 1.9290
then rebounded to retest HVN at level 1.9188
then finally target supply zone at level 1.9425
AUDCHF ANALYSISAUDCHF rejected from 78.6% Fibonacci level at 0.6707
Price formed bearish harmonic pattern AB =CD
MACD shows weakness in bullish momentum
RSI rebounded after reaching overbought region
It's expected for coming correction to target HVN at level 0.6540
EURNZD ANALYSISEURNZD rebounded from supply zone at level 1.7488 with bearish movement
Pair broke uptrendline
Below SMA 100
MACD shows start of bearish momentum
RSI is in downtrend
It's expected for coming correction to target first key level at 1.7236
then finally target demand zone at level 1.7165
