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.
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.
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.
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.
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.
AUD/CHF Wave Analysis
~~ The counter has been in a 5-wave bull cycle.
~~ Now, it is in the wave 4 phase which results in a bearish correction.
~~ Hence, we expect the pair to be bearish in the near-term.
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.
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.
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.
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.
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.
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.
EUR/JPY Wave Analysis
~~ The counter is currently in a short-term bull cycle.
~~ It is now in a consolidation phase which could be termed as wave 4.
~~ We expect the pair to surge to the high to complete wave 5.
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.
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.
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.
Typically, swing trading involves holding a position either long or short for more than one trading session, but usually not longer than several weeks or a couple months.
It’s so good to see that you’ve so many years of experience. Looking forward to more useful posts like these.
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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.
