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  • #31
    EUR/GBP Technical Analysis

    ~~ The counter is currently consolidating in a wedge pattern.
    ~~ It hit the lower end of the range, formed an exhaustion candle and rose up sharply.
    ~~ Now, it is sliding to a demand zone where we expect buying activity to resume in the counter.

    Comment


    • #32
      EUR/CAD Technical Analysis

      * The counter is currently sliding down in a descending channel.
      * It hit the upper parallel and is coming down strongly.
      * Further, the RSI indicator has formed a head and shoulder pattern.
      * Hence, we expect the pair to be bearish in the near-term.

      Comment


      • #33
        NZD/USD Technical Analysis

        ~~ As suggested earlier, the counter found support at the supportive trendline and bounced off.
        ~~ Now, it has broken the resistive trendline as well and consolidating just above it.
        ~~ We expect the pair resume to bull trend and head to the immediate resistance marked in the chart.
        ~~ The support zone marked in the chart can cap the declines.


        Comment


        • #34
          EUR/CHF Technical Analysis

          ~~ The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
          ~~ Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
          ~~ Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.

          Comment


          • #35
            EUR/GBP Technical Analysis

            ~~ The counter is now on the verge of completing a 3-wave bear cycle.
            ~~ It is now approaching a strong demand zone which also coincides with the 61.8% retracement of the entire rally.
            ~~ We expect the pair to kickstart a fresh bull cycle from here.

            Comment


            • #36
              USD/CHF Technical Analysis

              ~~ The counter has broken off from a falling wedge pattern.
              ~~ It is now hovering around the broken trendline.
              ~~ We expect the support zone to arrest any pullback and catapult the prices higher.

              Comment


              • #37
                AUD/USD Technical Analysis

                ~~ The counter has been in the declining mode for the last 2 days.
                ~~ It made an inverse head and shoulder and has broken the neckline.
                ~~ Further, it has broken the immediate trendline as well.
                ~~ Hence, we expect the pair to be bullish in the near-term.

                Comment


                • #38
                  EUR/USD Technical Analysis

                  ~~ The counter is maintaining its positive bias by holding the support of the ascending channel.
                  ~~ As the preceding move also steep, the price needs a bullish correction at the least.
                  ~~ Hence, we expect the pair to be bullish for the next few sessions.

                  Comment


                  • #39
                    AUD/JPY Technical Analysis

                    ~~ AUD/JPY has bounced off from a supportive trendline.
                    ~~ However, the recent fall has depleted the bullish momentum in the counter its now in a rising wedge formation.
                    ~~ We expect the pair to move to trade with bullish bias.

                    Comment


                    • #40
                      GBP/USD Technical Analysis

                      ~~ The counter's dynamics have changed drastically this week.
                      ~~ It turned bearish abruptly due to the risk of no-deal Brexit.
                      ~~ And there has been a significant amount of longs trapped.
                      ~~ It broke the support of 1.30100 which is now capping the rally.
                      ~~ We expect the pair to move down significantly as long as the pair stays below this level.

                      Comment


                      • #41
                        NZD/JPY Technical Analysis

                        ~~ The zone of 71.100-200 proves to be a tough nut for the pair.
                        ~~ Despite multiple attempts, the price is unable to break above it.
                        ~~ Further, the price action has formed an evening action star pattern at the resistance zone.
                        ~~ Hence, we expect the pair to be bearish in the near-term.

                        Comment


                        • #42
                          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.

                          Comment


                          • #43
                            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.

                            Comment


                            • #44
                              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.

                              Comment


                              • #45
                                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.

                                Comment

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