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Posted

EUR/GBP Technical Analysis

 

~~ The counter has been in a steady decline for the last 3 months.

~~ Now, it has hit a strong support level which could trigger some profit booking.

~~ Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.

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

 

R7o2R1zJ

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Posted

AUD/NZD Technical Analysis

 

~~ The counter has been on a selling spree for the last 3 months.

~~ Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown.

~~ Hence, we expect the pair to weaken further from here.

 

Q1iHRaIN

Posted

USD/CAD Technical Analysis

 

~~ The counter is currently hovering around long-term support of 1.3000.

~~ Though the price action has been able to marginally breakdown, it is not able to follow through.

~~ Further, the stochastic indicator has made a bullish crossover from the oversold zone in the 8-h chart.

~~ Hence, we expect the bulls to push the pair to higher levels from here.

 

GzDsqDVG

Posted

NZD/USD Technical Analysis

~~ The counter has been in a strong uptrend in the long-term charts.

~~ In the short-term charts, it is moving up in an ascending channel.

~~ Further, it is currently at the lower parallel and hence it's a good time to go long.

 

mH95Bl6h

Posted

EUR/AUD Technical Analysis

~~ The counter is currently in a bearish flag formation.

~~ It has formed a good base at the lower parallel and is ripe for a rally.

~~ Hence, we expect the pair to be bullish and move to the upper parallel from here.

 

7mGC8CiX

Posted

GBP/JPY Technical Analysis

~~ The counter has been in an ascending triangle formation.

~~ Now, the range is narrowing and the pair is in a make or break situation.

~~ We expect the pair to render a bullish breakout, however, we advise traders to go long only above 140.341.

 

 

pRM4sWqK

Posted

GBP/CAD Technical Analysis

 

~~ As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation.

~~ It has now broken down with a strong volume candle.

~~ Hence, we expect the pair to move down to lower support levels.

 

pRM4sWqK

Posted

EUR/USD Technical Analysis

 

~~ The counter is currently forming a bullish flag pattern.

~~ It is now sliding down to the support zone placed around 1.2000.

~~ The support zone presents a good buying opportunity, however, if you are a risk-averse trader, we advise you to go long after it crosses the resistance at 1.21322.

 

UC4lvY4z

Posted

GBP/NZD Technical Analysis

 

~~ The counter has broken down a head and shoulder pattern.

~~ The pattern is right inclined which portrays extreme negativity in the counter.

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

 

Coc1zjbI

Posted

USD/CHF Technical Analysis

 

~~ The counter has been sliding down in a descending channel formation.

~~ It is now consolidating in a bear flag pattern and closing in on the upper parallel.

~~ We expect the pair to find resistance around here and then continue its downside.

 

KCYQ38mi

Posted

EUR/USD Technical Analysis

 

~~ The counter has broken out of a deep consolidation.

~~ Technically, it could be interpreted as a pennant formation and box formation.

~~ Both signify deep consolidation and hence the pair has legs for a further bull run in the short-term.

 

FToSK4wF

Posted

USD/CHF Technical Analysis

~~ The counter has found support at the lows.

~~ It is forming a base in the form of an inverted head and shoulder pattern.

~~ We expect the pair to soar when it crosses above the neckline. Hence, buy only above 0.89200.

 

p9dQMtD4

Posted

EUR/USD Wave Analysis

 

~~ The counter is currently in a 3-wave bear cycle.

~~ Now, it has completed its wave B and is poised to commence its wave C.

~~ The engulfing bearish candle has marked the beginning of wave C and hence we expect the pair to be bearish in the near-term.

 

 

W8G1pDsr

Posted

EUR/JPY Technical Analysis

~~ The counter has broken out of the critical resistance of 126.8-127.

~~ Further, it has broken out after strong consolidation in the form of flag patterns in price action and RSI indicator.

~~ Hence, we expect the breakout to sustain and catapult the prices higher.

 

pEnrllLf

Posted

GBP/USD Technical Analysis

 

~~ GBP/USD is forming an ascending triangle pattern in the short-term charts.

~~ Further, the continuation pattern has been formed after a breakout in the long-term charts.

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

 

Vbrsey66

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