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traderpulse

As we suggested earlier the EUR/USD pair made a downside breakou t. The pair is currently making a pullback towards the broken support. It will be a good shorting opportunity for traders when the price retests the support.

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The 1-hour chart has formed a Head and shoulder. The pair has made a strong bearish move and is currently trading around a strong support zone. In due process, the pair has also formed bullish cypher pattern and bullish bat pattern, which are indications for a trend reversal. Hence, we expect the pair to make a bullish move from here.

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The 4-hour chart of EUR/USD has given a break out from the pennant pattern. It is currently moving towards the strong support zone of 1.15099. It has bounced back from the same point twice. A strong downtrend can precipitate only if it breaks the support zone. Else, the pair can bounce back and get trapped in a sideways pattern.

traderpulse

The EUR/JPY pair has formed a bullish bat pattern in the 1-hour chart. We expect the pair to get support and move towards the point B.

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The daily chart of USD/JPY has formed a full elliot wave. It is due for a ABC corrective wave which can happen from the point B(61.8 retracement of wave 5 and A) or from the point 5. Hence we expect the USD/JPY to be bearish for short term.

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The 4-hour chart of USD/CAD has formed an bullish gartley pattern. Hence, we expect the pair to be bullish and resume its uptrend. For further updates of this analysis, kindly follow our premium analysis.

traderpulse

The 4-hour chart of dollar index is currently trading around its supportive trendline. But a death cross has happened in ichimoku indicator which suggests weakening of trend. If trendline is broken we can expect the selling pressure to increase. On the contrary if the trendline holds,we can see an upward movement till the resistance

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The 4-hour chart of NZD/USD is currently in the process of forming a head and shoulder pattern. The pair is also observing strong rejections above the 200 SMA of 4-hour chart. Stochastic indicator is in overbought zone as well. Hence, we expect the pair to move towards the strong support placed at 0.66865.

traderpulse Updated 

The 1-hour chart of USD/CHF is in a downtrend. It has formed the 4-th wave of Elliot wave and formed the 5-wave. Moreover, the 4-th wave has formed as an bearish flag pattern. Hence we expect the pair to be bearish.

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The 15-min chart of EUR/AUD has formed a bearish gartley pattern. The pair is facing resistance at point D and we expect the pair to be bearish and move to support levels of 1.57381.

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As we suggested earlier the EUR/USD pair is currently forming a zig zag ABCDE corrective wave . It can be also interpreted as symmetrical triangle pattern which is a continuation pattern. Hence , we expect the pair to make a downside breakout and move towards the stronger support placed at 1.15100. For further cues, follow our updates on premium analysis.

traderpulse

The 1-hour chart of GBP/USD is currently in uptrend and has formed an Elliot wave. It is currently due for an ABC corrective wave. We expect the pair to move towards the point 4 as long as the strong resistance holds.

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The precious metal is in strong downtrend and formed a 12345 Elliot wave. It is due for a correction in the form of ABC wave. The 8-hour chart indicates that gold has crossed its resistive trendline and also formed a mild supportive trend line. We expect it to re-test the broken trend line once again and take support at the supportive trend line. As long as the...

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The EUR/USD pair is in a very tight range for the past days. The pair has formed a bullish flag pattern and given a break out above the flag. It can also be interpreted as an inverted Head and shoulder pattern and the right shoulder is formed in a typical textbook manner with profound flatness When the price breaks out above the neckline, we can expect short...

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The 2- hour chart of CAD/CHF is currently forming a head and shoulder pattern. The right shoulder will also have an elongated formation. Hence we expect the movement to be sideways until the neckline is broken and once broken it can attract strong selling pressure.

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As we suggested earlier, the daily chart of CHF/JPY is currently forming a rising wedge pattern. It is yet to reach the supportive wedge line. It is also in a bearish trend in 1-hour time frame and currently trading around the trendline and daily pivot. As per our analysis,we expect the pair to be bearish for the day until daily support is reached.

traderpulse Updated 

The EUR/USD pair has formed a bearish cypher pattern in the 4-hour pattern. As per the pattern,the pair is expected to make a downside move till the point. An inverted hammer has also formed which suggest the pair is facing resistance. As per our analysis,we expect a short bearish move in the counter.

traderpulse

It seems AUD/JPY Retraceback to the strong support prices. It's already breakout bullish trend by reaching intermediate Resistance levels. It's expected to bearish until price @ 80.586