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GBP/USD Technical Analysis
~~ The counter has formed a cup and handle pattern in the long-term charts.
~~ There might be some consolidation in the near-term.
~~ We expect the pair to be extremely bullish in the near-term.
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.
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.
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.
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...
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.
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.
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.