The GBP/JPY has reversed its short term downtrend.
It has broken its resistance and currently taking support at its broken resistance.
Also it is currently in a triangle formation and we expect the pair to make a bullish breakout which will be good time to take long positions.
The AUD/USD pair is currently in a downtrend in the daily chart.
It is currently trading at the trend line and and is facing rejections at the trend line.
Hence we expect the pair to be bearish from here.
If AUDUSD gonna break above this bearish trendline then we gonna go long otherwise short.
Personally expecting it to Continue the bearish momentum.
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We'll be longing on this pair till next weekly resistance level as it has beautifully retested the Consolidation box. Looks Solid till next Resistance.
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The EUR/NZD pair is currently in an uptrend and forming an elliot wave.
It has completed its 4-th wave and currently resuming its 5-th wave.
Hence we expect the pair to go the levels of 1.79500 from here.
The EUR/USD pair after a good move is now consolidating in an ascending triangle pattern.
Hence we expect the pair to continue its bullish momentum.
Fresh long positions can be initiated when the pair makes a bullish crossover above the resistance.
To validate our previous analysis, the pair moved down of 5th wave completed and now currently it is in the correction which also formed bullish butterfly pattern
So, it is expected to be bullish for short term with the correction move.
The 4 Hour chart of EUR/AUD has formed the full Elliot wave pattern
After completed impulse moves, currently it is in the making of c correction wave
so,It is expected to be bearish and would reach the expected target.
The AUD/NZD pair is currently in an ascending channel formation.
It is currently taking support at its supportive trend line.
Hence we expect the pair to bounce back strongly from this zone. Conservative traders can go long once it breaches the resistance line.
The EUR/CHF pair is currently in a downtrend in 4-hour chart.
It is currently forming an inverted head and shoulder pattern and is taking support at 1.12443 price levels.
Hence we expect the pair to be bullish for short term.
The GBP/AUD pair has formed a bearish shark pattern.
It is currently taking resistance at 1.84000 zone and evening star pattern has also formed.
Hence we expect the pair to retrace to the support levels of 1.79565.
The EUR/USD pair has broken out of a triangle pattern.
It is currently trading around a strong resistance.
As per our analysis we expect the pair to form a full Elliot wave.
Hence it is best to initiate long positions once the resistance is breached.