Freeforexsignals
Time to Expose the Next Step of USD/JPY with PitchforkHere, I am presenting USD/JPY with a pitchfork to assume the next step. At 103.90 there is a hurdle . At present, the trend is moving sideways. But if it crosses the hurdle(103.90) , then it will touch the following targets 104.06 - 104.26 . And if there is a beginning of fall, then the targets for the intraday traders will be 103.56 - 103.26 .
EUR/USD: Will The Bears Relinquish Control? The EUR/USD made an Elliott wave . By following the RSI, Bollinger Bands, the conclusion we can have that if the trend remains over the parallel channel, then there will be an uptrend up to 1.1892 - 1.1906 .
And if it's a consecutive candle breakdown a parallel channel, there will be a downtrend and reach the following targets 1.1860 - 1.1844 .
GBPCAD Bearish OutlookThis pair has been inside a ranging channel just like the CADJPY pair. Obviously, if CADJPY shows a bullish setup this pair should show a bearish setup because they are negatively correlated pairs. The bear flag pattern of this pair is looking to end at the 78.6% Fibonacci retracement level and make another bearish run.
EUR/USD - Price AccelerationIt is the hourly chart of EUR/USD. It is an uptrend. Whenever it crossed the dynamic resistance and made a tail , the trend falls. And whenever it crossed the support trendline to make a tail , there is an uptrend ahead. Here, it's crossed the support trendline. Therefore, there will be an uptrend to the following targets 1.1920 - 1.1886 .
AUD/USD is moving downwardAUD/USD is indicating a fall right now. The trend crosses the support trendline, and it will touch the following targets 0.7306 - 0.7296 . Overall it's an uptrend. After a fall of short period, there will be a continuation of the uptrend.
EURAUD Time for More Action?At present, EUR/ASD's downtrend is moving sideways between the resistance and support. The trend will continue this movement, But if it crosses the support trendline, it will touch the following targets 1.6166 - 1.5960 . There is a possibility to touch the 1.6300 if the trend hits the support trendline and takes a U-turn. Stoch RSI indicates that there will be an uptrend if there is a crossing of the resistance trendline.
NZD/USD with Bullish EWT (ABC Correction remains)This chart of NZD/USD shows the uptrend. There is an Elliott wave.
In the third wave, there is a symmetrical triangle .
After the fifth wave, there is an ABC correction, and C must be between 0.68820-0.68670-0.68585 .
Will BTC/USD Complete a Bullish Symmetrical Triangle?BTC/USD made a symmetrical triangle. Currently, it's crossed the upper descending trendline (resistance). But if it crosses the 15810 , there will be an uptrend. And it will touch the following levels 16420 - 16670 .
But if BTC/USD starts to fall, it will fall to the following levels 15025 - 14901 - 14740 .
Gold Spot (XAU/USD) -ABC correction of the Elliot wave The uptrend of XAU/USD has made a bullish Elliott Wave. In the fifth wave, there is a diagonal, and ABC correction is remaining.
It will fall for a short time to make the ABC correction. The targets for the intraday traders are following 1952 - 1946 - 1936 .
If the gold retests 1965, then it will start to rise again for the levels of 1976 - 1982+
CRYPTO TOTAL MARKET - ABC Correction of EWTCrypto is making the Elliott wave pattern, but ABC correction is remaining. We can assume the A point around 378.60B , and B point near 426 , and the C point will be around 320 . After that, there is a high possibility of reversal. The third wave includes a diagonal triangle.
USD/CHF - 2 Bullish & 1 Bearish Elliott Wave PatternsThe USD/CHF made two bullish Elliott waves, and it's making the third Elliott wave, but this one is bearish. This chart is all about learning to apply the Elliot wave pattern. The first bullish Elliott wave started on the 21st of October and ended on the 23rd of October . And the second bullish Elliott wave started on the 23rd of October and ended on the 4th of November .
Now, from the 4th of November, the bearish Elliot wave started, and The fifth wave is in the still making process. ABC correction is remaining .
If you like my technical analysis on the Elliott wave theory in this chart, then like, comment, and follow me.
4H Forex Trend Following Strategy With 200 MAThe downtrend of EUR/GBP shows that EUR/GBP will probably touch a major trendline, and it will touch the targets 0.9000 - 0.9060 . By following the Moving average, I suggest traders buy at a price after the above crossing of Price the MA 200 and sell at a price below the 200MA.
But because of an election, there is a possibility of fluctuations. Therefore maybe the trend falls from the major resistance trendline and touches the support trendline by crossing the levels 0.8960 - 0.8920 .
EUR/AUD ABCD formation and long opportunityFrom the beginning of June, EUR/USD made a rectangle, and it's broke this channel between points C & D . Here, I have used the ABCD pattern to set the levels. C point is 0.5 , and the BC projection is 2 . From D point, it fell. It will bounce from the potential reversal point, and it will reach the following target 1.67700 - 1.69600 -1.71300 .
But if it breaks the potential reversal, it will fall and hit the following levels 1.64160 - 1.63210 - 1.61765 .
