GBP/CHF has delivered new high with what I believe could become the first impulse in A-B-C EW progression. Wait for the corrective pattern wisely and get on the bullish side.
AUD/CAD is likely to have finished its movement within an ending diagonal and has greater odds to come off. If it is correlated with your system sell the breakout of a simple corrective structure.
This time EUR/CHF has suspended its down move while breaking the trendline and forming a kind of a corrective pattern. I would still assume the price will continue its impulse up by breaking this corrective structure.
CHF/JPY seems to be correcting its recent significant move up. However we still have to hope for a similar move up which could happen very soon. If the current corrective pennant proves to be valid, go long
Corrective pattern formation near the trendline presents a perfect chance to get in the bullish market.
It seems that EUR/CHF is breaking a declining trendline and has a potetial to continue its previous impulse up.
Expecting a breakout of consolidation pattern soon.
After an impulse down few sessions ago EUR still has not depreciated against GBP. A move down could be very beneficial and account for more than 2000 pips.
After a prolonged decline against its basic peers, pound is performing considerably better which might have longterm bullish consequences for the pair. GBP/CHF has left the boundaries of the downward trend and is now trending sideways. Expect a flag formation and get in the bullish trade
AUD/CAD has been experiencing great selling pressure for several hourly sessions. Considering that AUD/CAD is most probably at its ending diagonal, think of selling this pair after breakout of small trendline occurs.
We have seen an incredible impulse up last session which has every chance to continue its move this week. Buy the breakout of the current pennant.
AUD/CHF is lagging behind its major peer NZD/CHF which continues a formidable drop down. However AUD/CHF is giving first signs for a similar move. The price is currently located within the selling zone of a descending channel. Secondly it broke the trend line. I would recommend to zoom in and wait for a flag or pennant formation to sell the breakout
EUR/GBP has left the boundaries of an ascending wedge and prepares a ground for a big move down.
With both pairs strengthening against greenback loonie looks more attractive with oil prices rising as a fundamental factor. Technically NZD/CAD is forming a little flag after a trenfline penetration which might be a good selling opportunity when broken down.
EUR/GBP has finished full Elliot cycle and now forming ascending wedge which might soon be broken odwn. The move will indicate a start to a new Elliot cycle and very weak euro against pound. Sell setup on an hourly chart might emerge when a local engulfing appears near the upper boundary of the wedge.
Signs of weakness for japanese yen are starting to appear on usd/jpy chart when double bottom has been formed at the lower part of an ascending channel. If true it might turn into a big bullish move and continue the previous rally which started at the end of August 2016
EUR/USD is at crucial point and currently on its way to finish ABCD pattern down. My forecast is that it is going to hit the lower boundary of the ascending channel.
USD/CHF is currently bouncing off the lower boundary of the increasing channel which should be an entry signal