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  • #61
    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.

    Comment


    • #62
      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.

      Comment


      • #63
        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.

        Comment


        • #64
          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.

          Comment


          • #65
            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.

            Comment


            • #66
              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.

              Comment


              • #67
                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.

                Comment


                • #68
                  Crude Oil Wave Analysis

                  ~~ The strong upmove from below zero levels in the crude oil was consolidating for the last few months.
                  ~~ It could be interpreted as wave 4 of Elliot wave which also resembles a bullish flag pattern.
                  ~~ We expect the pair to be strongly bullish after it crosses the resistance at 41.90.

                  Comment


                  • #69
                    CAD/CHF Technical Analysis

                    ~~ The counter has consolidated and formed a base at the lower.
                    ~~ It could be interpreted as multiple inverted and shoulder patterns.
                    ~~ Now, the pattern has broken out and hence we expect the pair to be bullish in the short-term.

                    Comment


                    • #70
                      GBP/JPY Technical Analysis

                      ~~ The counter has been consolidating within a bearish flag pattern after the deep slide.
                      ~~ It hit the upper parallel of the pattern and then made a strong sell-off.
                      ~~ We expect the pair to move lower and break down in the short-term.

                      Comment


                      • #71
                        EUR/AUD Wave Analysis

                        ~~ The counter is correcting in an ABCDE formation.
                        ~~ It has completed wave D and is taking support at the trendline.
                        ~~ We expect the pair to move higher to complete wave E.

                        Comment


                        • #72
                          NZD/USD Wave Analysis

                          ~~ The counter has completed a 5-wave bull cycle.
                          ~~ It is now poised to make an ABC correction and break below the support 0.68655 validates it.
                          ~~ Hence, we advise traders to go short after the support breaks.

                          Comment


                          • #73
                            USD/JPY Technical Analysis

                            ~~ USD/JPY made a strong impulse move two weeks before.
                            ~~ But the rally fizzled out at the high and since then the pair is retracing its move.
                            ~~ Now, it has found support around the 103.7 mark.
                            ~~ A move beyond the resistance 104.2 can invite bulls once again in this counter and hence we advise traders to go long as soon as the pair breaks above it.

                            Comment


                            • #74
                              USD/CHF Technical Analysis

                              ~~ The counter has been coiling within a 300 pip range.
                              ~~ Now, it is at the lower end of the range and taking support.
                              ~~ We expect the pair to head higher to the upper end of the range.

                              Comment


                              • #75
                                Thank you for that.

                                Comment

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