traderpulse

traderpulse

The bullion metal has completed a bearish elliot wave and is currently in ABC correction phase. Apparently, a bullish flag formed in the B wave has been broken. Hence we expect the pair to be be bullish for short term and form a short term elliot wave to complete the long term corrective C wave.

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The AUD/USD pair has formed a bullish butterfly pattern. It is currently finding support at the price zone of 0.70800. We expect the price to move towards the resistance points of 0.71929 and 0.72379.

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The AUD/JPY pair has formed a bullish black swan formation. It has also found support at 78.5 range. Hence we expect the pair to make a bounce till 79.871.

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The EUR/GBP pair has formed a bullish white swan formation in the daily chart. It is also trading around its trendline and taking support. Hence, we expect the pair to be bullish for short term and move to price zone 0.89621.

traderpulse

The EUR/USD pair has formed a descending triangle formation. It is currently finding resistance at the the trendline. If the trendline holds the bulls at bay, a bearish move can be witnessed. Hence we expect the pair to move towards the support of 1.15330.

traderpulse

The EUR/CAD pair has formed a head and shoulder pattern in 30-min chart. It is currently retesting its neckline which is good time to make a short entry. Hence we expect the pair to be bearish in the short term.

traderpulse

The GBP/USD pair is currently below its daily pivot level. It has formed a strong bearish engulfing candle in 1-hour time frame. Hence we expect the pair to move towards its support placed at 1.28722 or even to strong support at 1.27894.

traderpulse

The USD/CAD pair has formed a bullish flag pattern in the daily chart. It has given a valid breakout and is currently retesting the broken flag line. The retesting zone also coincides with the 21-EMA which can also act as a good support. Hence we expect the pair to be bullish and the retesting zone is a good entry point for long trades.

traderpulse

The EUR/AUD pair is currently in an uptrend in the daily timeframe. It is currently at the 1.618 fibonacci extension of its rally initiation point, which can act as a strong resistance. If the resistance holds, we can expect a good retracement move due to profit booking. If the resistance is broken then a good accelerated bullish move can be witnessed.

traderpulse

The EUR/USD pair has formed an long term Elliot wave and is due for an ABC correction. The short term elliot wave has also completed its ABC correction. Hence we expect the pair to be bullish as long as the 1.15307 point holds.

traderpulse

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.

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The dollar index is currently in a downtrend in the 1-hour chart. It has formed an elliot wave and is due for an ABC correction. So we expect the pair to find resistance at the resistance line and make a bearish move from there.

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The EUR/USD pair is currently is above the daily pivot levels. It is currently expected to test the daily pivot and then bounce back strongly. Hence it is good opportunity for bulls to go long and expect the pair to move to the resistance level.

traderpulse

The 1 Hour chart of EUR/USD has formed a Bullish Bat pattern. It has been also found divergence in MACD Histogram. So, It is expected to be bullish for short term.

traderpulse

The daily chart of USD/CAD has formed a bullish flag pattern. We expect the pair to make a upside breakout. On the contrary the pair can witness a strong down move if it fails to make a breakout.

traderpulse

The USD/CHF pair has formed a double top pattern. It has currently broken a strong support too. Hence we expect the pair to be bearish and a pullback can be a good entry point.

traderpulse

The 1 hour chart of EUR/USD has formed a Full Elliot waves pattern. It was already broken the supportive trend line which is going to make corrective rally for the upside steep rally. So, It is expected to be bearish for the short term.

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The 4 hour chart of EUR/AUD has formed a deep crab pattern along with MACD histogram divergence formed. So, It is expected to be bearish and would reach the target.