The counter formed a descending triangle in the 15-M timeframe. It has now made a bearish breakout. Hence, we expect it to rally to the support levels of 134.593 and 134.408.
The pair is in an ascending channel and bounced off sharply from its supportive trendline. It broke a critical resistance of 0.74988 and is consolidating just above it. Hence, we expect the counter to be bullish in the near-term.
The counter has completed a sequence of bull (5-wave) and bear (3-wave) cycle. We expect the counter to start off its next bull cycle from here. However, the theory validates itself only if the prices move above the critical resistance of 109, which is a good long-term trade. For the short-term, traders can buy the asset if the price moves above 108.350.
The counter has formed a double bottom pattern. It broke the neckline, then pulled back and tested it. We expect the level of 1.22893 to act as a support and push the price towards the resistance level of 1.25240.
The counter has broken a critical support level of 0.89020. It bounced back tested the broken support but it faced rejections. Hence, we expect the pair to be bearish in the short-term.
The counter has formed a Head & shoulders pattern. It has broken the neckline support level with a strong bearish candle. Hence, we expect it to move lower from here.
The counter has broken out of a long-consolidation range. The MACD indicator is also showing signs of great positivity in the counter. Hence, we expect the pair to be bullish in the short-term.
The counter has formed a double top pattern. It has broken the neckline support level with a strong bullish candle. Hence, we expect it to move lower from here.
The counter has bounced sharply off the lows. It has crossed a critical resistance level of 69.164, in the process. Further, the ease of trade tensions is set to support NZD futures as well. Hence, we expect it to move to the resistance of 70.641.
After a steep fall, the counter has found support in its long-term trendline. It took support and has formed an inverse head and shoulder pattern at the trendline. Now, it has broken the neckline and the price action is supported by the neckline. Hence, we expect the pair to retrace to the resistance levels of 18.765 and 18.572.
The counter is currently in a strong uptrend in the short-term. The price has retraced to the trendline and is supported by it. We expect the trendline to hold for now and the uptrend to continue in the short-term.
After a long consolidation, the counter has broken out of a range. The bullish move is usually of a 5-wave cycle as we marked in the chart. The numbers from Canada, of late, has been good as well. Hence, we expect the counter to bullish in the short-term after a decent pullback.
The resistance of 118.745 has proved to be a tough nut to the counter. Despite attempting to break it twice, it was unable to do so and formed a double top pattern. It has broken the critical support level of 118.553 as well, which is now set to cap bullish moves. Hence, we expect the counter to be bearish in the near-term.
The counter is crossed a critical level of 0.74658. The MACD indicator is also painting all green in the 4-chart. Hence, we expect the pair to be bullish in the short-term and move to the resistance of 0.75980.
The counter is currently in a descending channel pattern. As you can see, the bullish rallies in the previous instances have been steep. And it is also steep for now. Also, it has moved past a critical price action level of 1.10275, which support the price action in the near-term. So, we expect the pair to move to the top for now.
The counter is currently in a sideways pattern. It has broken its mid point of the range. Hence, we expect the pair to move to its lower end of the range.
The counter has completed its 5-wave bear cycle as indicated in the chart. It is due for a 3-wave bullish correction. The ease of trade tension is also set to support its rally.
The counter is currently in an ascending channel formation. It hit the lower parallel, took support and is moving up. Since the odds of no-deal Brexit has decreased, it can also support the price action. Hence, we expect the pair to move to the upper parallel for now.