ChartReadings

ChartReadings

Technical outlook on this pair shows a three (3) waves correction which a 5waves impulse is expected after the break of the correction trendline. A break below 68.150 invalidates the count.

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Technical outlook shows a Head and Shoulders Reversal Pattern. Price is expected to drop in the coming days.

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Technical view showed a bearish Bat with a shooting star candle confirmation on H4 timeframe. Price is expected to drop at this point. A break above 1.10400 invalidates the forecast.

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Technical outlook shows an ABCD pattern of 0.236/2.618. Price is expected to rise from CMP @ 1.76800. A break below 1.76450 invalidates the forecast

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Technical outlook on CADCHF is presently showing a different dimension compared to the previous outlook. Price is now expected to hit the upper line and also to complete a SHARK pattern for a drop. A break above the upper line invalidates the analysis.

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Technical outlook shows a 5-0 pattern which price is expected to drop to 64.86 - 64.500 region. A break above 66.400 invalidates the forecast

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The precious metal had seen gaining against the USD for quit sometime. Going by my last post, price is expected to drop further as time goes by. Based on this chart outlook, price should fall to the lower channel line while a break below opens more opportunity to the down side. A break above the channel line invalidates the forecast.

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Technical outlook shows that a 5-0 pattern is rounding up which signals a sell anytime soon. We would be picking a sell entry within the region of 0.61470 - 0.61750. A break above 0.61800 invalidates the forecast.

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CADCHF completed a wave 2 correction somewhere around 0.70119 which price started the 3rd wave from there. Analyzing from the harmonic view shows that price just started the formation of a 5-0 pattern which could possibly drive price to the region of 0.66500 - 0.66000. A break out of 0.70200 invalidate the forecast

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Just like the USD, JPY is also expected to make a slight correction against the CAD. We would not be picking the slight correction but wait to pick a sell of minimum of 500pips from 77.300 region where E leg of the elliot wave triangle would be completed. A break out of the upper band line invalidate the forecast.

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CAD strength against the USD should take a push as a reversal pattern is rounding up for correction towards 1.39600 - 1.39900 region from current market price at 1.38690 which is 100pips to current target. A break below 1.38600 will open way to 1.38000 - 1.37500 region.

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Technical outlook on bitcoin shows that the crypto is going to have a price move towards $15,000 - $19,000 region. I remain bullish on BTCUSD until the Shark Pattern completes.

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AUD had been gaining strength against the GBP for quite sometime and there is likely to be a correction to the upside before bearish continuation. We will remain bullish on this pair till 1.96600 - 1.99000. A break below 1.85900 invalidate the forecast.

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There are two different harmonic patterns forming a confluence on this pair. A Bat Pattern and A Shark. Price is expected to complete this patterns at 1.53000 - 1.55000 price region before a drop. I remain bullish on USDCAD to the mentioned reversal zone.

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Short term outlook on XAUUSD ( GOLD ) shows that price is about to/completed a butterfly pattern which is also at a resistance zone serving as a confluence. A drop is expected within a region of 1742.00 - 1762.00. A break above 1762.00 invalidate the forecast.

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Long term outlook on XAUUSD(GOLD) shows that price is about to/completed a crab pattern which is also at the point (b) wave of an elliot wave correction of 5,3,5 Zigzag pattern. Price completed the first 5waves after which the 3waves correction comes in. We would be expecting the start of the last 5waves count of C anytime soon. A long term drop is expected to the...

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Technical outlook shows that price is currently at a resistance region and also a formation of STANO 1.0 pattern of 70.7AB, 61.8/707.7BC and 224/261.8CD Fibonnacci levels. At this confluence region, a drop is expected. A break above 1.08800 invalidate the count.

ChartReadings

Technical outlook shows that price is currently at a resistance region and a region of a C leg of a 5-0 pattern. At this confluence region, a drop is expected. A break above 1.08800 invalidate the count.