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USD/JPY May Continue DeclineUSD/JPY has made a high of 111.66 and took a U-turn. Its impulsive wave breaks at support trendline breakout. It can keep falling from the dynamic resistance trendline ( DRT ). We may see 109.54 - 109.15 - 107.48 soon.
Don't sell after a breakout of DRT or 110.7 level. And do not forget to watch significant releases or events mentioned on the above chart that may affect the movement of USD/JPY.
USD/CHF is Trying to Move UpsideHere's the 4H chart of the USD/CHF. Right now, it's moving sideways under the hurdle ( 0.8918 ). If the trend moves upside and crosses the dynamic resistance and hurdle trendline, then the hurdle will react as the support. And targets for the uptrend will be the following 0.8960 - 0.9000 .
But if it falls and breaks the key level, then the target will be 0.8796 - 0.8760 .
Technically the RSI is below its neutrality area at 50. But it's trying to cross this upwards. According to Stoch RSI, the trend is trying to move upwards.
BTC/USD is DwindlingRight now, BTC/USD is falling by breaking the support trendline. I have applied the DMI, and according to this, it's falling. The ADX is less than 25, and -DI is above +DI, which indicates the downtrend. RSI also indicates a fall. The target for the fall will be as following 3224 - 3145 - 3050 .
But if it starts to rise by crossing the support trendline, then the targets will be 3468 - 3500 .
NZD/USD : The Next Step with the Bearish EWTNZD/USD has made the bearish Elliott wave on the hourly time frame. The formation of the Elliott wave is complete. Here we can see 5+3=8 wave Theory so cleanly. 1 to 5 waves and then ABC correction.
It's a bearish Elliott wave pattern, and after the C, now the tren will fall up to 0.7120 - 0.7110 - 0.7085 .
But what if it starts to rise?
If the trend starts to rise by crossing the resistance, then it may hit 0.7165 - 0.7185 .
Will EUR/AUD Takes a U-turn ?Here's the 15m chart of the EUR/AUD. Currently, It's falling. And trying to hit the hurdle ( 1.5674 ). If the consecutive candles break 1.5674 , then there will be a fall. The targets for the fall will be 1.5670 - 1.5650 .
But there is a high possibility of a reversal in the trend. The trend may take a reversal from between 1.5684 - 1.5670 . If it takes a U-turn, then a target for the uptrend will be as following 1.5697 - 1.5700 - 1.5710 .
Is AUD/USD in a Short Time Fall?Here's the AUD/USD 15m chart. It started to rise from the 19th of March,2020. The actual trend is positive. Right now, it's trying to hit 0.7732 , and for that, it has to cross 0.7728 . If AUD/USD keeps moving upward, then a target for the uptrend will be 0.7740 - 0.7749 .
But there is an absolute possibility of the reversal from 0.7732 (nearby level). And if there is a reversal or a fall, then a target for the short time downtrend is as following 0.7705 - 0.7690 - 0.7680 .
Will NZD/USD Break the HurdleHere's the 1H chart of the NZD/USD. And it's moving downwards. Here, I have applied the indicators - Volume, Stoch RSI, and RSI.
RSI and Stoch RSI both are showing a downtrend. It's falling in the uptrend. It will fall up to support. If the trend breaks the support, it will hit the hurdle( 0.7136 ). If it breaks the hurdle( 0.7136 ), then the target will be the following 0.7116 - 0.7088 .
But, if NZD/USD takes a U-turn and starts to move upwards, it will hit 0.7216 .
AUD/USD is Going To Hit The Support Soon.If you see AUD/USD on the daily timeframe, it's an uptrend. Here is the 15m chart of the AUD/USD, and it's moving upside with the fluctuations in the trend. It will fall to the following levels 0.7640 - 07630 - 0.7625 , and then it will take a reversal from the support. And after that, it will rise to the support level, and the targets are following 0.7635 - 0.7650 - 0.7670 - 0.7679 .
But if AUD/USD does not take reversal from the support and starts to fall by breaking the support( 0.7627 ), then the trend will hit the following levels 0.7610 - 0.7600 - 0.7580 .
EUR/GBP with the Bullish Elliott Wave PatternThe EUR/GBP has made the Elliott wave on the 15m time frame. The 5th wave and ABC Correction is remaining. The trend has to hit 0.9091 - 0.9110 - 0.9130 , to complete the 5th wave. And then it will start to make ABC correction.
But if it started to move downside, that means the failure of the Elliott wave pattern. And then the trend will hit 0.9056 - 0.9040 .
USD/JPY with the Symmetrical TriangleUSD/JPY is moving downwards. It started to fall from 20th February of 2020. And it's still falling. It has made the symmetrical triangle here. It's making the 4th wave here, and it has to cross the following level 103.455 - 103.360 - 103.185 - 103.050 , to complete the 4th wave.
But if the trend started to move upside, then there will be a failure of the symmetrical triangle. Then the targets will 103.815 - 103.915 - 104.100 .
I have applied DMI, ADX is less than 25 , which shows a downtrend. And the +DI is above -DI means an uptrend.
USD/CHF- Bearish Elliott Wave PatternHere's the daily chart of the USD/CHF. It started to make a bearish Elliott wave from the 23rd of April 2019. There is a symmetrical triangle in the 3rd wave. 4th, 5th and Corrective waves are remaining. 4th will be at 38.2%, 50% , or 61.8% . The trend is moving upside to make a perfect 4th wave. And for that, it has to hit the following targets 0.8990 - 0.9050 - 0.9200 - 0.9400+
But if it starts to make a downward movement instead of an upward. Then, it can be said the failure of the Elliott wave pattern. And in this scenario, the targets will be following 0.8780 - 0.8600 - 0.8400 .
GBP/USD is moving upwardsGBP/USD has made the triangle shape here. And rightnow, it's trying to move upside to hit the 1.3624 . If it continues to move upside after crossing the level of 1.3624 , then the further target will be the following 0.3660 .
But if it takes reversal, then the following levels 0.3546 - 0.3530 will be hit by the GBP/USD.
USD/CHF- Will Complete Head And Shoulders Pattern?Here's the USD/CHF 15m Chart, and we can see here the possibility of the Head and Shoulders. The last shoulder in the making process. The trend has to cross the following levels ( 0.8886 - 0.8896 - 0.8900 )to make the shoulder, and it will go up to around 0.8906 . After that, it will start to fall and touch the neckline ( 0.8871 ), and then after crossing the neckline, there can be a short reversal, but it will fall to the following target 0.8866 - 0.8859 .
But what if it starts to march upwards?
If the trend continues to move upside, that means the failure of the head and shoulders pattern. And the targets for the uptrend will be 0.8910 - 0.8913 - 0.8920 .
Fibonacci Retracement:
Swing high: 0.9174
Swing low: 0.8822
USD/JPY- Triangle PatternUSD/JPY is making a symmetrical triangle and trying to reach the upper line of the triangle. The trend will hit an upper trendline of the triangle by crossing the following level 103.507 - 103.566 - 103.585 . After that, there will be a reversal, and the target will be 103.500 - 103.400 - 103.300 - 103.100 .
But if it does not stop to move upwards. And crosses an upper trend line, then it will hit the following levels 103.600 - 103.670 - 103.750 .
EUR/AUD is Marching downsideHere's the 15m chart of the EUR/AUD. I have used Gann fans to make it easy to understand. Currently, it's moving downside, and it will hit the following levels 1.6086 - 1.6060 .
But if it starts to march upside, then the trend will touch the following levels 1.6146 - 1.6166 .
BTC/USD- Will It Breaks the Hurdle?Right now, BTC/USD is moving sideways. It's running between the resistance and the support and often breaking the hurdle( 23254 ) on both sides. And it's trying to break the hurdle downside again.
It has to cross 23340.20 to reach the hurdle (23254). If the trend breaks the hurdle downside, then the target will be following 23167.90 - 23031.90 - 22778.00 .
But if the trend takes a reversal, it will touch the following levels 23775.40 - 23911.45 - 24000.60 .