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ChartReadings

GBPUSD shows an emerging SHARK pattern formation, with price just at the end of the 2nd wave. Price is expected to push to 1.25600 before a bearish reversal. A break of 1.23800 invalidate the forecast.

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A SHARK pattern is expected to complete at the region of 1.50850 - 1.49600. A buy opportunity should be seen at this price region. A break below the price region invalidate the analysis.

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USDCAD is expected to push further down to 1.38150 - 1.37850 to complete a SHARK pattern before a possible LONG opportunity. A break below the mentioned price region will invalidate the decision.

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Price is seen to range in-between the channel thereby forming a SHARK pattern. CADCHF is expected to fall in the region of 0.70200 - 0.71300 to target 0.68500. A drop below 0.68500 will open way to 0.68000 and lower.

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Price reaction on GBPAUD shows that price is currently trading at the wave 4 of the 5th impulse leg. After the complete wave 4, a further push to the upside is needed to complete the last leg of the 5th wave.

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A temporary push-up is expected on this pair before further decline

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GBPCHF is expected to do a temporary push-up before further decline. See chart for details

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A temporary SELL is expected on GOLD before a further bullish move

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EURNZD shows a CYPHER setup on daily/weekly chart and a 5wave up which price is expected to form a 3wave down to 1.62000 - 1.58000 region. The 1st wave (A) was completed at 1.63230 while correction (B) was completed at 1.71800. A 5wave drop (C) is expected to complete the 3rd leg of the daily/weekly chart correction. I am expecting a further bearish move to...

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GBPAUD shows a 5-0 harmonic pattern. Price is expected to drop after completing a correction at 1.79000 - 1.82000 region. Price is also rejecting the 50% of the shooting star candle... AUD is expected to strengthen against the GBP to a minimum of 1.72000 which is more than 900pips from the current price. A break above 1.85000 render the analysis invalid.

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The chart above shows both a short term and long term structure of EURAUD. A retracement is expected to 1.62000 - 1.63000 region which is about 170pips - 270pips from the current price before a drop to 1.52600 - 1.49000 region

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EURAUD outlook shows a formation of a STANO 1.0 pattern on the long term. Price is expected to drop more than 800pips from the current price. Long term reversal zone is at 1.49000 - 1.46000

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EURNZD shows a 5-0 pattern on the 4hours chart which indicates a drop in price to the region of 1.69720 - 1.68759 on the short term. I remain bearish on this pair on the short term.

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USDCAD on monthly timeframe shows and emerging BEARISH BAT pattern which is expected to complete @ 1.53000 - 1.54000 region on a long term. Taking a closer look at the monthly chart, elliot wave forecast shows that price is current at the 5th leg of the motive wave. The 5th leg is also forming an emerging BEARISH SHARK pattern which should end at the region of the...

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My previous post on AUDCAD shows a projection of an INVERTED HEAD and SHOULDERS on MAY 17th, 2018, see analysis here Price broke above the neckline and continue to rise since then. Current 4hours chart shows that a 5-wave count is completed at 0.99300 which STANO 1.0 pattern also completes at the region of 0.99200 - 0.99700. I expect a fall in price to the region...

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My previous post on XAUUSD on MAY 15th, 2018 pointed at a completed 5-0 pattern. Check the analysis through this link . Current outlook shows that price is forming an emerging BEARISH BAT, which should be completed at the region of 1323.00 - 1338.00. I remain bullish on this pair to the region of the complete bearish bat.

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EURGBP outlook shows the formation of an emerging bullish pattern. Price is expected to drop to the region of 0.86300 - 0.86000 before the pattern could be complete. I am bearish on EURGBP to minimum of 0.86300

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USDCAD completed a BEARISH BUTTERFLY formation creating a PIN bar to confirm the reversal. Price dropped close to 140pips from the point at which the butterfly was completed. I could see the formation of an emerging 5-0 as price keeps dropping. I expect the fall to continue to 1.27900 - 1.27600 region or lower.