Will USD/CHF take a U-turn?USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110 .
At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles.
I will update the downside scenario while it becomes unstoppable. Currently, my above targets are intact for the positional traders.
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Will EUR/USD remains above the support-line?Here, presenting the EUR/USD 15m chart. To make it easy to understand, I have used particular shapes and an indicator. ADX is less than 25 , which means a downtrend, but DI+ is above DI- which shows an uptrend. If it crosses the support line, it will fall up to certain levels 1.2090 - 1.2076 - 1.2060 . But if it does not break the support line, then the trend will touch the following levels 1.2146 - 1.2160 .
GBP/USD - Trading StrategyHere's the hourly chart of GBP/USD. GBP/USD is moving upwards currently. I have applied the moving average of 20 and 50 to forecast the future of the trend. There is a symmetrical triangle also.
If the trend crosses the support trendline and reaches 1.3286 and crosses this level too, Then it will reach 1.3252 .
But if it moves upwards, it will touch 1.33977 .
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 .
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.
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.