EUR/USD is Hitting the Targets with the Flag PatternEUR/USD is moving upward. And made a flag pattern. I have used indicators to make it easy to forecast. The trend will hit the following targets 1.21782 - 1.21794 - 1.21810 .
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USD/JPY is making a Formation of the Double Top PatternIt's an hourly chart of USD/JPY. The USD/JPY is trying to make a structure of the double top pattern. But rightnow, we can't call it a double top pattern. If it crosses the neckline then, it will become a double top pattern. To touch the neckline, it has to cross 104.26 . I have applied the indicator (RSI), which indicates a fall.
But what if it continues to grow?
If it does not stop to grow, then it will touch 105.06 .
AUD/USD is Moving DownwardsIt is the AUD/USD 2hr chart. At present, it's rising by taking the support of the minor support trendline. The trend moves the same as the previous then, it will touch the following targets 0.7390 - 0.7422 .
But if we analyze the trend, it's trying to break the minor support. RSI also shows the downtrend. So, if it falls, the trend will reach the following targets 0.7340 - 0.7324 .
Will USD/CHF take a U-turn?USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110 .
At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles.
I will update the downside scenario while it becomes unstoppable. Currently, my above targets are intact for the positional traders.
Will EUR/USD remains above the support-line?Here, presenting the EUR/USD 15m chart. To make it easy to understand, I have used particular shapes and an indicator. ADX is less than 25 , which means a downtrend, but DI+ is above DI- which shows an uptrend. If it crosses the support line, it will fall up to certain levels 1.2090 - 1.2076 - 1.2060 . But if it does not break the support line, then the trend will touch the following levels 1.2146 - 1.2160 .
GBP/USD - Trading StrategyHere's the hourly chart of GBP/USD. GBP/USD is moving upwards currently. I have applied the moving average of 20 and 50 to forecast the future of the trend. There is a symmetrical triangle also.
If the trend crosses the support trendline and reaches 1.3286 and crosses this level too, Then it will reach 1.3252 .
But if it moves upwards, it will touch 1.33977 .
Time to Expose the Next Step of USD/JPY with PitchforkHere, I am presenting USD/JPY with a pitchfork to assume the next step. At 103.90 there is a hurdle . At present, the trend is moving sideways. But if it crosses the hurdle(103.90) , then it will touch the following targets 104.06 - 104.26 . And if there is a beginning of fall, then the targets for the intraday traders will be 103.56 - 103.26 .
EUR/USD: Will The Bears Relinquish Control? The EUR/USD made an Elliott wave . By following the RSI, Bollinger Bands, the conclusion we can have that if the trend remains over the parallel channel, then there will be an uptrend up to 1.1892 - 1.1906 .
And if it's a consecutive candle breakdown a parallel channel, there will be a downtrend and reach the following targets 1.1860 - 1.1844 .
GBPCAD Bearish OutlookThis pair has been inside a ranging channel just like the CADJPY pair. Obviously, if CADJPY shows a bullish setup this pair should show a bearish setup because they are negatively correlated pairs. The bear flag pattern of this pair is looking to end at the 78.6% Fibonacci retracement level and make another bearish run.
EUR/USD - Price AccelerationIt is the hourly chart of EUR/USD. It is an uptrend. Whenever it crossed the dynamic resistance and made a tail , the trend falls. And whenever it crossed the support trendline to make a tail , there is an uptrend ahead. Here, it's crossed the support trendline. Therefore, there will be an uptrend to the following targets 1.1920 - 1.1886 .
AUD/USD is moving downwardAUD/USD is indicating a fall right now. The trend crosses the support trendline, and it will touch the following targets 0.7306 - 0.7296 . Overall it's an uptrend. After a fall of short period, there will be a continuation of the uptrend.
EURAUD Time for More Action?At present, EUR/ASD's downtrend is moving sideways between the resistance and support. The trend will continue this movement, But if it crosses the support trendline, it will touch the following targets 1.6166 - 1.5960 . There is a possibility to touch the 1.6300 if the trend hits the support trendline and takes a U-turn. Stoch RSI indicates that there will be an uptrend if there is a crossing of the resistance trendline.
NZD/USD with Bullish EWT (ABC Correction remains)This chart of NZD/USD shows the uptrend. There is an Elliott wave.
In the third wave, there is a symmetrical triangle .
After the fifth wave, there is an ABC correction, and C must be between 0.68820-0.68670-0.68585 .
