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EUR/GBP and The Elliott Wave PatternHere's an hourly chart of EUR/GBP, which started to make the bullish Elliott wave pattern. The ABC correction is remaining. The 2nd wave is 23.60% of wave 1. The 3rd wave is more than 161.80% of wave 2. The 4th wave is 38.20% of wave 3. The 5th wave is 61.8% of wave 4. In the ABC correction, A is 61.80% of wave 5. B will be at 50% or 61.8% of A, so the targets for B is 0.91250 - 0.91370 , and if it crosses 0.91370 , the next target will be 0.91590 . After that, the trend will fall to make a C, and the targets for C are following 0.91380 - 0.91160 - 0.90458 .
by forextidings
1
Time To Short the EUR/AUD?Here's the daily chart of the EUR/AUD. The trend is moving sideways, from the 1st of June 2020 till the 9th of December 2020. Then it started to fall, and rightnow it's standing on the 1.60330 . If it crosses this level downside, it will fall up to the following levels 1.60000 - 1.59000 - 1.57000 . But if the trend of EUR/AUD takes reversal and starts to rise from 1.60330 , then it will knock 1.61600 - 1.62400 . I have used the DMI and RSI. RSI is moving under 50 , and the ADX is less than 25 . Additionally, -DI is above +DI. These all show a downtrend .
Short
by forextidings
1
USD/JPY- Bearish Elliott Wave and Ascending Triangle Pattern USD/JPY has made the bearish Elliott wave pattern. At the end of the corrective waves, there is an ascending triangle pattern. After that, if the consecutive candles break 104.050, then the trend will rise and hit the following level 104.100 - 104.150 . But, according to EMA trend will continue to move downwards and knock the following target 103.945 - 103.920- 103.860 . But there is the possibility of reversal, too. Then it will continue as an ascending triangle.
by forextidings
1
Keep Your Eyes on AUD/USDHere's the 4hr chart of AUD/USD. At present, AUD/USD is moving upwards. And it has crossed the dynamic resistance trendline. Rightnow, it's maintaining a shortfall to get back to the position between the dynamic support and the resistance trendline. To make it easy to understand, I have used indicators - DMI, Supertrend. Let's see what indicators are telling about the trend of AUD/USD. DMI: +DI is above -DI, and ADX is 25 , means an uptrend. If the trend decreases and crosses the dynamic resistance trendline, then it will see 0.7476 . After that, if AUD/USD falls and breaks the major support, it will knock 0.7416 . But if AUD/USD takes a reversal from the dynamic resistance, then it will touch the following levels 0.7560 - 0.7586 .
by forextidings
BTC/USD is Pushing HigherHere's the 15m chart of the BTC/USD. By following the analysis of a long time frame, we can say that the overall trend is an uptrend. But at present, the BTC/USD made the bearish rectangle pattern by moving sideways. So, as per the rules of the bearish rectangle pattern, the trend fell. And again started to move upward and it will reach the following targets 18400 - 18520 . After that, there is a hurdle at 18540 . If the trend crosses that, then the further target will be 18600 - 18730 .
BITSTAMP:BTCUSDLong
by forextidings
4
EUR/USD Currency Trend Analysis This 15m chart is all about the current short time downtrend of the EUR/USD. It started to fall from the 4th December of 2020, and after that, it initiated to rise from the 9th December of 2020. Hurdle : 1.21001 (Key) If it moves under the hurdle level, it will touch the following level 1.20840 - 1.20760 , but if the trend crosses the hurdle upward, the targets for the uptrend will be 1.21097 - 1.21210 . Fib Retracement: Swing High: 1.25557 Swing Low: 1.03401
by forextidings
NZD/USD skyrockets towards the targetsIt's a daily chart of NZD/USD. From the 19th of March 2020, it started to rise and still moving upward. For an easy understanding of the trend, I have applied the DMI and SuperTrend. Let's take a look at indicators, DI+ is above DI- that means the trend will continue to move upside. ADX is greater than 25, which also indicates the upside movement. Now talking about the trend, At present, the trend is moving upward, and it's marching towards the targets, which are 0.7160 - 0.7260 . But if the trend crosses the control price and successfully makes consecutive candles, then targets for the fall will be 0.6900 - 0.6800 .
by forextidings
USD/JPY is making a Formation of the Double Top PatternIt's an hourly chart of USD/JPY. The USD/JPY is trying to make a structure of the double top pattern. But rightnow, we can't call it a double top pattern. If it crosses the neckline then, it will become a double top pattern. To touch the neckline, it has to cross 104.26 . I have applied the indicator (RSI), which indicates a fall. But what if it continues to grow? If it does not stop to grow, then it will touch 105.06 .
by forextidings
8