Tricia Wilson Posted October 16, 2020 Author Report Share Posted October 16, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 19, 2020 Author Report Share Posted October 19, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 20, 2020 Author Report Share Posted October 20, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 21, 2020 Author Report Share Posted October 21, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 22, 2020 Author Report Share Posted October 22, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 23, 2020 Author Report Share Posted October 23, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 26, 2020 Author Report Share Posted October 26, 2020 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. Quote Link to comment Share on other sites More sharing options...
Guest milete Posted October 27, 2020 Report Share Posted October 27, 2020 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. Nice pattern, however I see more downside for USD, also it's descending triangle so chances are high for true breakout lower. Holding short on this pair with Hotforex but will close if it drifts too much from the upper bound. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 27, 2020 Author Report Share Posted October 27, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 28, 2020 Author Report Share Posted October 28, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 29, 2020 Author Report Share Posted October 29, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 30, 2020 Author Report Share Posted October 30, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 2, 2020 Author Report Share Posted November 2, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 3, 2020 Author Report Share Posted November 3, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 4, 2020 Author Report Share Posted November 4, 2020 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. RichardGere 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 5, 2020 Author Report Share Posted November 5, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 6, 2020 Author Report Share Posted November 6, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 9, 2020 Author Report Share Posted November 9, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 10, 2020 Author Report Share Posted November 10, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 16, 2020 Author Report Share Posted November 16, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 18, 2020 Author Report Share Posted November 18, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 19, 2020 Author Report Share Posted November 19, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 23, 2020 Author Report Share Posted November 23, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted November 24, 2020 Author Report Share Posted November 24, 2020 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. Quote Link to comment Share on other sites More sharing options...
Djuzeppe Posted November 25, 2020 Report Share Posted November 25, 2020 Thank you for that. Quote Link to comment Share on other sites More sharing options...
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