The monthly chart of AUD/USD is currently in downtrend. It is the process of forming a full Elliot wave . The correction wave 4 has happened in the formed of bearish flag and it has given a valid breakout. Hence,we expect the counter to be bearish in the upcoming days.
The daily chart of EUR/JPY is currently in downtrend. It is currently trading around the resistance zone of the trendline. As per our analysis,we expect the pair to witness short covering once it crosses the trendline.
The daily chart of EUR/AUD formed a double top pattern and made a strong downside. The counter experienced a pullback and moved to double top’s support level. This zone could face some serious selling pressure and we expect the counter to move towards the next support zone of 1.56216.
The 4-hour chart of GBP/JPY has formed a triangle pattern. Based on our analysis,we expect the counter to witness selling pressure for now. As long as the counter remains within the triangle, it is wise to trade the boundaries.
The 4-hour chart of EUR/GBP was in the sideways trend. It was in the price range between 0.86983 to 0.88406 . The price action indicates that it has given a bullish breakout from the sideways pattern. We expect the bulls to take control over the counter if it sustains above the price range of 0.88406.
EUR/USD Seems moving nearby it's support price @ 1.15294, It's high chances to sell until price @ 1.15088 upon DXY bullish infulence. Also there is a chances for little correction by bullish until nearby resistance price @ 1.15946 afterwords it may bearish until strong support 1.15088
The 3-hour chart(image 1) of GBP/CHF seems to be in a sideways consolidation mode after a long downside move. It has been in range bound movement for the past 1 month and a strong bullish engulfing candle has formed at the lower end of the support which is a very good sign that bulls have taken control. Coincidentally, this strong support zone meets the long term...
It seems EUR/GBP is on Bullish trend, Now it's breakout's support price @ 0.87731. It's expected to bullish trend until target price @ 0.88247
The day chart of CAD/JPY is forming a head and shoulder pattern. Also the head and shoulder is having a right inclined slope which indicates that the pair is very weak. We expect the selling pressure to further intensify when it cuts the slopline. It will be a good time to enter a short trade once the candlestick closes below the neckline.
From our analysis, It seems the 4-hour chart of CHF/JPY has formed a bullish reversal pattern,the double top. It has also given confirmation by breaking the support level at 110.776. Also in the weekly chart,the pair has formed a gravestone doji candlestick which also indicates bears are taking firm control. We expect the selling pressure to intensify from here...
From our analysis, It seems the pair moves like Bat Formation and consolidated in the Sideways channel movements So,It is expected to be bearish until the value@ 81.427
The daily chart of GBP/JPY indicates that the pair is in strong downtrend as it is consistently making lower lows. The pair is in the process of forming a full Elliot wave. As per our analysis, we expect the pair to form a ABC corrective pattern and so it is expected to be bearish until it reach 141.845 ,which is also the 1.272 fibonacci extension of the...
From our analysis,It seems the pair after broke long term support and formed like a bearish flag pattern So, It is expected to be bearish and will reach the expected targets.
From our analysis, It seems the pair broke out from the long term resistance inside the channel and Divergence found in stochastic So, It is expected to be bearish until the expected target@value 110.105
The 30-minute chart of NZD/JPY suggests that the pair is in a strong downtrend as it is consistently making lower lows. But the pair witnessed a strong pullback, on account of short covering, from the value of 76.359. Now, as per our analysis, the pair is currently facing resistance in the zone of 76.800. We expect the pair to be bearish till it reaches 76.359.
From our analysis, Ichimoku indicator Tenkan-Kijun crossed below Kumo which provides strong sell indication and break outs from the channel resistance It is expected to be bearish and will reach the expected target@0.75380
From our analysis, It seems DXY after breached the key resistance yesterday and testing the previous week highs. we expect ABC Elliot correction wave in which bearish forecast from the current level. Today,It seems consolidation sideways moves may happen. On breaching this resistance will push the price towards 95.40 Expected day trading range is...
From our analysis it seems the pair break outs from the channel resistance so, It is expected to be bearish and will reach the target