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The 4-hour chart of USD/CAD formed started its downtrend from a round top formation Now, it has formed a bullish reversal pattern, falling wedge . When lows(troughs) are not reducing proportionally to the highs(peaks), a falling wedge is formed. The pair broken out from the wedge pattern and also re-tested it. Hence, we expect a good bullish move in the counter.

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The day chart of EUR/GBP pair is currently in a descending channel formation. The pair was in a long rectangle pattern formation(sideways) and then broken. But it immediately faces the trendline of downchannel and so it is possible for the pair to exert selling pressure in this price zone. If sideways breakout becomes a fakeout, then a good downward move is possible.

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NZD/JPY started its downtrend rally in the mid of 2016. It made a strong reversal pattern of round bottom formation, but was not able to make a bullish crossover above the resistance of 83.741. Then it tried to make a trend reversal by forming an inverse head and shoulder pattern. Still, it was not able to make a bullish crossover. Two strong bullish reversal...

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The DXY is facing resistance on 8/8 levels in Murrey math lines drawn of 4-hour time frame. The index has also formed a higher low with a evening star formation. Hence, as per Murrey rule we expect the index to move towards 4/4 level.

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EUR/USD pair is in the process of forming an elliot wave pattern. It has formed the third wave and is currently undergoing corrective fourth wave. There is a good chance of forming an impulse bullish fifth wave

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It seems GBP/JPY M30 chart formed Bullish Upward channel, Now market seems hovering around it's Higher high resistance. Once it reached the resistance price, There is a good possibility of bearish to it's support price to continue the Bullish channel.

traderpulse

The GBP/CAD has formed a head and shoulder in 4-hour chart after a bullish move.The counter is still in the process of forming a elongated right shoulder. We can expect a good selling pressure as soon as it crosses below the trendline.

traderpulse

The GBP/JPY has been constantly forming a bearish flag and extending its downtrend. Now the pair has again formed a bearish flag. As per our analysis,once pair the breaks out below the trend line,we can expect the downtrend. On the contrary,if it makes a bullish crossover above the resistance,we can expect short covering from the bears.

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After a long bearish move,GBP/USD has made a higher high and higher low which indicates the end of downtrend. It has also formed a 18 degree trendline which signals good strength in the counter. It is currently hovering around the 50 SMA of 1 hour chart. The daily pivot is currently placed around 1.32306 and we can expect the buying momentum to pickup once it...

traderpulse

After a long bearish move, EUR/USD pair is going through a consolidation phase. The pair has formed a full Elliot wave and a ABC correction wave can be expected. Also the pair has started forming higher highs and higher lows. Moreover the pair formed a symmetrical triangle, and a bullish breakout is given. All these indications,signal that bulls are taking control...

traderpulse

The 4 hour chart of EUR/NZD has formed a head and shoulder pattern. It has been formed after a long bull run and so we can expect it to be selling pressure to intensify. As per our analysis,we expect the pair to make a strong bearish move.

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The day chart of USD/CAD is currently in uptrend. But the pair is witnessing a corrective rally due to profit booking. We expect the pair to find support at either of the trend lines.

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The 1-hour chart of Dollar index indicates that the index is currently in downtrend. It is consistently forming lower lows and it has formed a Marubozu candle during the last hour. So we expect the selling accelerate from here and reach the price zone of 94.14 where some profit booking could be expected.

traderpulse

The 4-hour chart of NZD/USD is currently in downtrend. The pair has broken its 30 degree trend line. Also a small head and shoulder pattern has formed. Hence,as per our analysis,we expect a strong short covering in the counter and an upside could be witnessed with good momentum.

traderpulse

The 4-hour chart of USD/JPY indicates that the pair has broken the downtrend trend line. It is currently re-testing the broken trend line. Also it seems the pair has formed an up channel formation. Unless,it breaks the up channel trend line, the counter will not experience selling pressure.

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The 4-hour chart of AUD/CHF is currently in downtrend. It has also formed a down channel within the downtrend which indicates further weakness. As per our analysis,we expect the bears to return strongly at this price point and expect further downside.

traderpulse

The EUR/AUD was in an up channel formation. The pair has currently broken the channel formation trading below the lower trend line. As per our analysis,we expect a strong selling pressure in the counter.

traderpulse

The 4-hour chart of GBP/JPY is currently in a downtrend. It is currently hovering around the resistance levels of 146.330. Also there is a trend line meeting the current price. Hence it is better for traders to make a short entry now.