We have presented a long term forecast of Dollar Index based on moving averages. The index is in a downtrend forming a full elliot wave and an ABC correction is due. It has completed the ‘A’ wave and is currently forming the ‘B’ wave. We expect the pair to make a minimum 50% retracement which could be a potential reversal zone. The ‘C’ wave can be an elongated...
The GBP/JPY is currently in a down channel formation in long term charts. It is currently making its bullish journey to its resistive trendline.
The D chart of EUR/USD has formed FULL ELLIOT wave pattern. The pair is currently making corrective waves in super cycle as well as cycle. More likely 'B' corrective wave will take the support at critical zone and then would move up again for the 'c' corrective wave. If the critical support broken, then there will be chance of flat correction waves as...
The CAD/JPY is currently in a triangle formation . The break out from this triangle can dictate the further trend. A bullish breakout is widely expected in the market and the expected target is marked in the chart. On the contrary, a bearish breakout can happen too.
The 1 hour chart of EUR/USD has been forming Full Elliot waves Pattern. The long term corrective wave 'A' may or may not be ended as long as the supportive trend line holds, the pair will remains in bullish scenario for next lower high if the trend line , the pull back can be expected deeper with the 'B' wave formation after then it will be expecting one more...
The GBP/JPY pair has formed a elliot wave in 15 min. We expect a possible correction upto 4th wave. Its a short term wave. So kindly trade with caution.
The 1-hour chart of EUR/JPY is currently in an uptrend and forming an elliot wav e. The 3rd wave is almost completed and the 3rd wave’s elliot wave is presented in the chart. Hence we expect the pair to go through a corrective impulse rally for now.
The USD/JPY pair is currently forming an Elliot wave in the 1-hour chart. It has in the last leg of its 3rd wave and its still a good time for trader to make some decent profits. Also the pair is currently making a breakout from the flag pattern. So we expect the pair to continue its bull run for now.
The BTC/USD pair is currently in a descending triangle formation. The wave is currently trading at support levels. Once the support is broken, selling pressure will be in full force.
The CHF/JPY pair has made a bearish cypher and bearish bat pattern. Both the patterns are strong reversal patterns and the pair is currently in overbought zone. Hence we expect a make a pullback from the highs.
The EUR/AUD pair witnessed a steep bullish price action from the lows. The RSI indicator is currently in an overbought zone. The MACD histogram is also over-stretched. Adding to that, the pair has bearish bat formation. Hence we assume that the pair has made an over run and there is a good chance of throwback upto the support levels of 1.57270.
The EUR/USD counter has broken its downtrend at last. It witnessed a very steep rally and we expect a new buy trend is on the cards. But buying at this price is not advisable, so traders can wait for a retracement. Furthermore, we have indicated the possible up trend formation in our chart here. As per Elliot wave, an ABC correction is a definite but whether the...
As we suggested earlier, the NZD/JPY pair has made a long term breakout from the descending triangle pattern in its weekly chart. We expect the pair to retest its broken support. Also the pair has formed a bullish crab pattern in the 4-hour chart and is finding support at the price zone of 72.400. Hence we expect the pair to bullish move for the short term but...
The EUR/USD pair has made a sudden pull back from it lows and has not yet violated the downtrend so far. Now it's currently trading in a critical zone and if it makes a bullish crossover, the downtrend will cease to exist , else the downtrend will only intensify. Keeping our fingers crossed. We advise traders to wait for our update.
The 30-min chart of CHF/JPY has formed a bearish bat pattern. The pair is currently in a steep upwards move and is likely to face resistance at 111.67 zone. We expect the bearish momentum to return to the market at that price zone.
The 4 hour chart of USD/CAD had broken the strong support which acts as strong resistance now So, we can expect the bearish formation below the strong resistance and would reach the expected value.
GBP/JPY is currently in a downtrend and is currently forming an Elliot wave. We have highlighted an elliot wave within an elliot wave in the image. We expect further downside from here. But don't fall prey to the small pullback which is on the cards.
The EUR/CAD pair has formed a head and shoulder pattern. The pair has broken out from the neckline and is currently lingering below it. It's a good time for the bears to enter the market and as long as the pair stays below the neckline, the bearish momentum can only accelerate from here.