The 1 hour chart of NZD/USD has formed a bullish cypher pattern. So, it is expected to be bullish for short term and would reach the target
The 1 hour chart of GBP/JPY has formed a full Elliot wave pattern So,It is expected to be bearish for the 'c' corrective wave.
The Day chart of USD/CAD has formed a flag pattern which is a trend continuation pattern Buyers can take a position now with the Minimum target up to flag resistance.
The 4 hour chart of Gold has formed a classic bearish gartley pattern So, it is expected to be face strong selling pressure now.
The 4 hour chart of Gold has formed a classic bearish gartley pattern So, it is expected to be face strong selling pressure now.
The 4 hour chart of Gold has formed a classic bearish gartley pattern So, it is expected to be face strong selling pressure now.
To validate our previous analysis, the pair makes a new higher high value tested exactly The potential cypher formation chance will be there if the trend line breaks now as the corrective for the steep upside rally is looking to started but it can be confirmed only after the trend line breaks.
To validate our previous analysis, the pair makes a new higher high value tested exactly The potential cypher formation chance will be there if the trend line breaks now as the corrective for the steep upside rally is looking to started but it can be confirmed only after the trend line breaks.
The 1 hour chart of EUR/USD has been forming Elliot waves The long term corrective wave 'A' may be or may not be ended as long as the supportive trend line holds, the pair will remains in bullish scenario for next lower high if the trend line, the pull back can be expected deeper with the 'B' wave formation after then it will be expecting one more upside rally 'C' wave.
The 4 Hour chart of USD/CHF has formed a RSI Convergence So, it is expected to be bullish for short term.
The 4 Hour chart of USD/CHF has formed a RSI Convergence. So, it is expected to be bullish for short term.
The 4-hour chart of USD/CAD has broken its downtrend formation. It has made a higher high and also broken the neckline of the head and shoulder pattern, which initiated the downtrend. We advise the traders to catch the trend early when the pair makes a dip. Traders can long on a dip when buying cues cast on shorter time frames.
The dollar index has broken from the the ascending triangle, as suggested by us. It has formed an elliot wave and is due for an ABC correction. Hence we expect the pair to face resistance at the fib extension value of 2.618 and head south to broken resistance.
The 15 min chart of USD/CAD has formed a full elliot wave. It is due for an ABC corrective wave. We expect the make a strong bearish move in the short term.
Atlast! It has happened. The pair has broken out from its tight range as per our analysis. A retest of the broken range is expected and the pair is also forming a bullish butterfly pattern. Hence we advise the traders to wait for a pullback and then make a short trade and not to initiate a long trade.
The 1-hour chart of GBP/USD is currently in the process of forming an Elliot wave. It has formed the 4th wave and is resuming the rally of the 5th wave. The ichimoku indicator also indicates the resumption of buy trend. Hence we expect the pair to be bullish for short term.
The DXY index is trading in a tight range for the past few days. It is in the process of forming a potential head and shoulder pattern. Also trading around a strong trendline and multiple support zone based on price action. Market is awaiting cues to make a major move on either side. Hence, wait for our updates to instigate a perfect trade.
EUR/USD pair has formed a full Elliott wave and it is currently forming a corrective ABC wave in the 4-hour chart. We expect the counter to make a sharp bullish move once it reaches the point B. Traders can also look for cues in the shorter time frames to take long positions.