Tricia Wilson Posted August 19, 2020 Author Report Share Posted August 19, 2020 GBP/NZD Technical Analysis ~~ The counter has formed a topping out formation in the near-term. ~~ It made a double top and has broken a key support level of 1.99508. ~~ Further, the round number of 2.00 can act as psychological barrier in the near-term. ~~ Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 20, 2020 Author Report Share Posted August 20, 2020 NZD/JPY Wave Analysis ~~ The counter is currently formed a flat ABC corrective wave. ~~ It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum. ~~ 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 August 21, 2020 Author Report Share Posted August 21, 2020 EUR/JPY Technical Analysis ~~ The counter had multiple supports- trendline, bullish flag support and price action support. ~~ But it has broken all the levels and bulls are trapped big time. ~~ Hence, we expect some long unwinding move in the counter. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 24, 2020 Author Report Share Posted August 24, 2020 NZD/USD Technical Analysis ~~ The counter is currently is descending channel pattern. ~~ It hit the lower parallel and bounced off with a ascending channel pattern. ~~ Hence, we expect the pair to trade with positive bias in the short-term. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 25, 2020 Author Report Share Posted August 25, 2020 USD/CHF Technical Analysis ~~ The counter is currently in sideways consolidation. ~~ It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern. ~~ We expect the triangle to render a bullish breakout and push the price to upper end of the range for now. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 25, 2020 Author Report Share Posted August 25, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 26, 2020 Author Report Share Posted August 26, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 27, 2020 Author Report Share Posted August 27, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted August 28, 2020 Author Report Share Posted August 28, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 1, 2020 Author Report Share Posted September 1, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 2, 2020 Author Report Share Posted September 2, 2020 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. ⭐ RichardGere 1 Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 4, 2020 Author Report Share Posted September 4, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 7, 2020 Author Report Share Posted September 7, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 9, 2020 Author Report Share Posted September 9, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 10, 2020 Author Report Share Posted September 10, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 11, 2020 Author Report Share Posted September 11, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 15, 2020 Author Report Share Posted September 15, 2020 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. https://www.tradingview.com/x/ADpRWz2E/ Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 18, 2020 Author Report Share Posted September 18, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted September 25, 2020 Author Report Share Posted September 25, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 1, 2020 Author Report Share Posted October 1, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 9, 2020 Author Report Share Posted October 9, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 12, 2020 Author Report Share Posted October 12, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 13, 2020 Author Report Share Posted October 13, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 14, 2020 Author Report Share Posted October 14, 2020 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. Quote Link to comment Share on other sites More sharing options...
Tricia Wilson Posted October 15, 2020 Author Report Share Posted October 15, 2020 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. Quote Link to comment Share on other sites More sharing options...
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