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EUR/GBP Wave Analysis

~ After dismal data from Britain, EUR/GBP was off to the flyers yesterday.

~ It could be interpreted as a wave pattern and is now forming wave 4.

~ Further, it is close to a congestion zone which could act as strong support.

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

 

eByM3D9b

Posted (edited)

GBP/JPY Wave Analysis

 

~~ After a strong bull run, the counter is currently in corrective (ABC) mode.

~~ It has completed wave A and is forming its final leg of wave B.

~~ It is now up against a resistive trendline and a break above it can take it higher.

~~ Hence, we advise traders to initiate long positions only when an hourly candle closes above the trendline.

Edited by Tricia Wilson
Posted (edited)

EUR/JPY Technical Analysis

 

~~ The pair did a long accumulation in the form of an inverted head and shoulder pattern.

~~ It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.

~~ Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.

 

https://www.tradingview.com/x/LjfZdNVr/

Edited by Tricia Wilson
image
Posted (edited)

EUR/CAD Technical Analysis

 

~~ The counter has been formed a long base formation.

~~ Further, it could be interpreted as a correction after a strong impulse move.

~~ It has crossed the critical resistance level of 1.55279 and is consolidating above it.

~~ And the MACD indicator has turned bullish and is having good momentum.

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

 

G2VOv1eB

Edited by Tricia Wilson
image
Posted

USD/JPY Technical Analysis

~~ The counter is currently at the strong support of a trendline, which could be contemplated as triangle pattern.

~~ According to the short-term waves, the counter has completed wave B of a bear cycle and is due for a wave C.

~~ Hence, we expect the pair to be bullish and head to higher to levels.

 

sSEARkme

Posted

EUR/USD Technical Analysis

~~ The counter is currently in a strong bull run.

~~ It is forming a parabolic pattern, which suggests further strong upmove is on the cards.

~~ Also, the pair is forming a bullish pennant pattern in the short-term charts.

~~ We expect it to surge sharply higher for the day.

 

qhNKGtw5

Posted

EUR/USD Technical Analysis

 

~~ The counter is in a strong bull trend.

~~ It consolidated for a brief period within a bullish flag and now has broken out.

~~ Further, it has formed an inverted head and shoulder pattern within the flag which indicates the absorption of selling pressure.

~~ Hence, we expect the counter to remain bullish in the short and near-term.

 

Bf3ncYwT

Posted

CAD/JPY Wave Analysis

~~ It has recovered from the low with a strong V-shaped rally, which is a sign of reversal.

~~ Further, the could interpret it as an ABC correction.

~~ Hence, we expect the pair to trade with bullish bias from here.

 

 

zFo4Mqn0

Posted

USD/CHF Technical Analysis

~~ The counter is currently in sideways consolidation mode.

~~ It is currently in its lower end of the range and the short-term indicators show signs of oversold condition.

~~ Further, the wave interpretation deems a wave C move to the upper end of the range.

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

 

tmiOAs6J

Posted

NZD/USD Technical Analysis

 

~~ The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD.

~~ It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels.

~~ So, the bulls are running for cover and we expect the pair to head down to lower levels in search of support.

 

zXC9uoYF

Posted

CAD/JPY Technical Analysis

 

~~ The counter has recovered from the lows with a strong V-shaped rally.

~~ It has now crossed a critical resistance level of 80.162.

~~ The structure resembles a bearish shark pattern and we expect the pair to rally to the completion zone for now.

 

TPckRIHL

Posted

EUR/USD Technical Analysis

 

~~ The counter has been rising sharply from the low.

~~ The entire structure looks like a bearish cypher pattern.

~~ We expect the pair to face resistance at the reversal zone marked in the chart and move back to support level.

 

 

iQnRg3Y0

Posted

GBP/USD Technical Analysis

 

~~ The counter is forming a descending triangle at the high.

 

~~ It made a fake-out at the resistive trendline and then sold off only to form a bearish flag pattern in the near-term.

 

~~ We expect the bearish flag to break down and the price to move to the short-term support zone.

 

 

I3SVVUU7

Posted

AUD/USD Technical Analysis

 

~~ As we mentioned earlier, AUD/USD has formed a gramophone pattern.

~~It has now formed an inverted head and shoulder pattern the supportive trendline and has broken out.

~~ And the RSI indicator has also replicated the same pattern, which validates the strength in the counter.

~~ Further, the prices are now trading above a strong support level of 0.71727.

~~ Hence, we expect the pair to be bullish from here on.

 

 

https://www.tradingview.com/x/RL6kNGay/

Posted

USD/CAD Technical Analysis

 

~~ The counter has been trading with a bearish bias for long.

~~ The down move can be plotted with a pitchfork and the pair is making its last leg of the move down.

~~ Hence, we advise traders to go long at the lower parallel.

~~ And the upswing has a great chance to break the upper end of the range.

 

qRaTJVHT

Posted

EUR/USD Technical Analysis

 

~~ The counter has made a bullish breakout from the consolidation.

~~ It is now taking support and broken resistance, which is a powerful sign.

~~ Further, the consolidation can be interpreted as wave 4 and it is gonna make a move to wave 5.

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

 

w9II0dNR

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