Tricia Wilson

USD/CHF Wave Analysis

~~ The counter has been in a downtrend since the start of this year.

~~ The price was consolidating in a narrow for the last few months which could be interpreted as wave 4 of Elliott wave.

~~ Now it is on the brink of rendering a bearish breakout.

~~ We expect it to breakdown and complete wave 5.

EUR/CHF Technical Analysis

~~ The counter has formed a dragon pattern.

~~ In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.

~~ Further, it is on the verge of breaking out the trendline (a break validates it).

~~ Hence, we advise traders to be long in the counter once it crosses 1.730.

USD/CAD Wave Analysis

~~ The counter has been consolidating in a sideways correction for the last few days.

~~ It could be interpreted as an ABC correction and the recent down move as wave B

~~ We expect the pair to find support in this zone head higher.

EUR/USD Wave Analysis

~~ The counter had completed its long-term wave 4 with an ABC correction.

~~ It had bounced off from the lows strongly by crossing the resistance at 1.1706.

~~ Further, if the price sustains at a higher level for the day, it could be interpreted as a morning star formation.

~~ We expect the pair to race away to highs and complete the wave 5.

EUR/GBP Technical Analysis

~~ The upside movement of the pair is capped by a bearish trendline.

~~ It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead.

~~ Hence, we expect the pair to be bearish in the near-term.

AUD/JPY Wave Analysis

~~The counter is currently in a long-term corrective ABC structure.

~~ It has completed wave A and is consolidating in a box structure at the low.

~~ We expect it to break upside and move to form wave B.

EUR/USD Technical Analysis

~~ As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone.

~~Now, the bearish flag formation has also broken down, validating the wave C.

~~ Hence, we expect the pair to be bearish in the short-term.

NZD/USD Technical Analysis

~~The counter was in a consolidation phase after a solid down move.

~~ The consolidation resembles a bearish flag pattern.

~~ Further, the entire setup could be interpreted as a head and shoulder pattern.

~~ Hence, we expect the pair to be bearish in the near-term.

CHF/JPY Wave Analysis

~~ After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.

~~ It is now at a strong price action support zone and at the final stage of wave A.

~~ Hence, we expect the pair to be bullish in the near-term.

USD/CAD Technical Analysis

~~ The counter has bounced off strongly from the support 1.31, after trapping the bears with a fakeout.

~~ Now, it has taken down a bearish trendline as well.

~~Hence, we expect the pair to be bullish in the short-term.

AUD/CHF Wave Analysis

~~ After completing a bearish cycle, the counter is limping up to complete ABC correction.

~~ It is forming a wave A in the form of a bearish flag.

~~ We expect it to render a bearish breakout to form wave B.

EUR/USD Technical Analysis

~~ As we mentioned in our previous post, 1.18700 is a strong resistance for EUR/USD.

~~ Now, it has formed a head and shoulder pattern at the zone and is coming down strongly.

~~ The next support is only at 1.17500 and we expect a free ride to bears till then.

AUD/USD Wave Analysis

~~ The counter is currently forming an ABC correction.

~~ It has completed the w and x waves of the wave B and is now moving up to form a wave y.

~~ Hence, we expect the pair to be bullish in the near-term.

USD/CHF Wave Analysis

~~ The counter is currently in an ABC correction.

~~ It is now in its final stage for wave B looking out for support.

~~ We expect the pair to find its support around the current price point and head higher.

EUR/USD Wave Analysis

~~ The counter is currently forming an ABC correction.

~~ It is now in its second leg which is of the wxy wave form.

~~ Now, the pair is making a bullish move to complete the wave y and hence we expect the pair to be bullish in the near-term.

BTC/USD Wave Analysis

~~ Bitcoin has been in a bullish correction for the last few days.

~~ The limping move to the upside could be interpreted as wave B.

~~ Now, we expect a wave C move to the downside.

NZD/USD Technical Analysis

~~ The counter has formed a double top pattern in the short-term.

~~ Further, it has broken down with a strong bearish candle.

~~ The formation interpreted a solid distribution around 0.667 levels.

~~ Hence, we expect the pair to slide down from here.

EUR/JPY Technical Analysis

~~ The counter has made a retest of the broken head and shoulder neckline.

~~ It has made the retracement in the form of a bearish flag and has broken down from it.

~~ Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.

AUD/CHF Wave Analysis

~~ As we suggested earlier, the counter is currently in an ABC and has moved down significantly.

~~ Now, it is forming a triangle in the short-term charts.

~~ We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.

USD/JPY Technical Analysis

~~The counter broke the resistance of 105.8 but was unable to sustain above it.

~~ It has then encountered a strong sell-off and has broken a bullish trendline.

~~ Hence, we expect the pair to be bearish in the near-term.

BTC/USD Technical Analysis

~~ BTCUSD pair has been in the bullish movement.

~~ Now, it was consolidating @ 10894 after breaking the symmetrical triangle pattern.

~~ Hence, we are expecting that it will be rebound to the upward movement further in the near term.

EUR/USD Technical Analysis

~~ This counter has formed a descending channel formation.

~~ It has taken the strong support as resistance & bounce back in downward direction.

~~ Hence, it will be bearish from here.

USD/JPY Technical Analysis

~~ The counter is currently in a descending channel formation.

~~ It has made an inverted and cup and handle formation within that.

~~ Further, the price is currently hovering around a strong supply zone.

~~ Hence, we expect the pair to be bearish in the short-term.

AUD/CAD Technical Analysis

~~ The counter is currently trading around a strong resistance zone that triggered a sell-off previously.

~~ According to the wave, it has now completed the ABC correction for the down move it made.

~~ Further, the entire setup looks like a head and shoulder in the higher timeframes.

~~ Hence, we expect the pair to move down from here to the potential supportive trendline marked in the chart and if it is broken, it could trigger a larger sell-off.

NZD/USD Technical Analysis

~~ This counter currently trying to form a wedge formation.

~~ Now, it has formed an ascending triangle with in that & broken to move up further.

~~ Hence, we expect that it will be bullish upto the resistance line.

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