The daily chart of GBP/USD is in bull trend. The 1-hour chart has crossed its 21-SMA. We expect the pair to be bullish and expect it to reach resistance lines 1 or 2.
The 1-hour chart of gold indicates that the pair has reversed its bearish trend. It is currently trading above its 21 EMA. We expect the counter to be bullish for the day and it can move up to the resistance levels 1 & 2.
As we suggested earlier,EUR/GBP has broken out from a descending channel and formed an ascending channel. Now it has reached the top of the ascending channel and so we can expect the price to retract to test the downward sloping trendline of the descending channel.
The 4-hour chart of USD/CAD is in a consolidation phase after a strong uptrend. The pair is now hovering around multiple resistance points- one created by the GANN FAN and the other by price action. It is also facing rejections at higher value. So we can expect a bearish move from here. On the contrary if it breaks the resistance then it can move up to the previous high
The 4-hour chart of AUD/JPY has formed a bearish bat formation. The pair is currently facing strong resistance. As per our analysis we expect the pair to make a 38.2 retracement of its previous move
The M30 chart of GBP/JPY is in the formation of full Elliot wave pattern Currently It is in process of making the corrective wave waiting for the c wave formation long now with the expected target of 148.160 value
The daily chart of USD/CAD is in a ascending channel formation. It made a false breakout above and is currently taking support at the trendline. The 20-SMA is also acting as a strong resistance and the price action is facing rejection at higher levels which has been confirmed by a bearish pin bar. As per our analysis, we expect the pair to face selling pressure if...
The longlasted descending channel is finally broken in EUR/GBP pair. The price has taken support at 200-SMA and making a strong bullish move. The pair is breaking out with a three white soldier formation too. Also the mini bull rally can be contemplated into an ascending channel formation. The pair has many checkboxes ticked for a bullish move and so we expect a...
The 4-hour chart of NZD/USD has formed a bullish trendline. It has also formed a bullish engulfing candle on the trendline. If the price crosses 13-SMA,then it validates the trend and a strong up move will be followed.
As we suggested earlier, the GBP/CAD pair is forming a head and shoulder pattern in the 4 hour time frame. The same price action resembles as sideways movement in 1-Hour time frame. Generally sideways pattern is a continuation and so we can expect a bearish breakout. Currently the pair is trading at top end of its sideways pattern and so it is a good time to make...
The 4-hour chart of EUR/USD has formed a full Elliot wave. It is expected to make a flat corrective ABC wave. The pair is currently forming a asymmetrical triangle pattern. Once this triangle pattern is broken,it can give a clear indication about its trend.
The daily chart of crude oil has formed a full elliot wave. It is also below its 21-EMA on the daily EMA. As per our analysis,we expect a flat ABC corrective wave.
The 4-hour chart of EUR/USD has formed a bearish Gartley pattern. It has also penetrated the support value at 1.17200. It can make a 100% retracement upto the value of 1.15100. If the support breaks then we make expect a move upto 161% extension
The day chart of CHF/JPY has formed a rising wedge pattern. It has formed in a downtrend which implies that the pair is very weak. Also the pair has formed a shooting star candle. Hence as per our analysis,we expect the pair to be bearish.
The dollar index has formed a full Elliot wave. It is forming an correction in the form of ABCDE. We expect the pair to complete its correction and resume its upward rally.
As suggested by us earlier, the pair is forming ABC corrective and witnessing good up move. On analysing the shorter time frames, we found that the pair has broken its ascending channel in 1-hour time frame. Also the same of the arc in the form of a parabola which indicates fear and panic from bears to exit the counter in a hurry. We expect a further steep...
As suggested by us earlier, the pair is forming ABC corrective and witnessing good up move. On analysing the shorter time frames, we found that the pair has broken its ascending channel in 1-hour time frame. Also the same of the arc in the form of a parabola which indicates fear and panic from bears to exit the counter in a hurry. We expect a further steep...
The daily chart of EUR/USD has formed a Full Elliot Wave. As per our analysis,as long as the the price point A withholds,we expect the pair to make the ABC correction in the form of a triangle. When it breaks the support level of 1.15088,we expect a fresh leg of downside, in the form of an Elliot Wave, in the counter.