NZD/CHFWe see a downtrend channel on the NZDCHF chart. It broke the middle line and tested it. Locally, there is a bullish flag that is moving towards the resistance line of this global channel.
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Excavoforex
CAD/JPYWe see a global downtrend channel. After we had touched the support line of this channel, we formed an up trend channel. It heads to the resistance line of the down trend channel. Possibly there will be some reversal breakout.
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EURCAD EURCAD globally forms a cup and handle pattern. Now there is a local falling wedge from which we will go up to update the highs.
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NZDCADNZDCAD has its support zone that seems to be the best place to open a buy position.
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AUD/JPYA bullish triangle has formed after an upward impulse.
If we break the resistance level of 77, it will likely lead us to the next targets: 79-81.
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EUR/SGDUptrend. A flag was formed, after an impulsive upward movement. Targets: 1.65-1.66
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EUR/USD On the weekly chart, there is a global falling wedge pattern. We have already broken the line of resistance. Whether we will test the support line or not, it's a moot point. Targets are the 38.2 -50% Fibonacci levels.
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EURUSDI see potential pattern cup and handle and now we are in the handle and also we can see a small falling wedge
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GBP/JPYWe rebounded from the bottom, after which we formed a correction channel from which we'll exit the top. A classic reversal pattern was formed inside this channel - an inverted Head and Shoulders . Target 61.8% Fibonacci level ~ 137.
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GBP/AUD GBPAUD is located in the falling wedge formation which is a classic bullish pattern from which we'll go up. Also it's near the support zone and there's the end wave of Elliott(12345).
I expect some rebound to 23.6% Fibonacci level.
RSI - oversold
Best regards EXCAVO
