HTF analysis shows a break of a bearish Trendline and a possbile retracement down to 1.37000 where a retest of support and trendline might push it back up strongly. Alternatively if it breaks below then we can look to enter around 1.36000 where an inverse head & shoulder pattern will also be completing.
Price needs to break above 12 and hold that level to establish next targets. Once sustained Sushi is likely to move towards 13.5 followed by 15.20 as next upsides. 10.35 is likely to limit any fall.
AUDJPY downtrend corrected itself and move upwards to 61.8% retracement level where a support zone also lies. If it rejects from that area we can expect a projection from the AB=CD pattern towards 84.400.
Price breaking out of a Sym. Triangle on Daily. Further breaking above 4.20 would accelerate the move towards a quick 6.5 and towards ATH. On downside 3.82 is likely to act as a decent support now.
If ICP can manage to hold the support zone. We can expect Price to move towards the higher resistance levels around 52.30. Once ICP manages to break and sustain above this then a much bigger and stronger move could be seen towards 75 followed by 88 next. However, if Price does not hold the support zone then we are likely to see 32 and 26 once more.
GBPAUD attracted the buyers at a confluence area of strong support, where we can see an AB=CD harmonic pattern completion and trendline. So we can expect an upward move towards 1.8600. On the flip side, the breaking of this trendline could further drop towards 1.8100.
GBPNZD is currently at a critical support and has touched the bottom of a falling wedge type formation on a Higher Timeframe. We can potentially see good upside this week and our targets are 1.94000 (initially) and 1.96500. Good Luck!
ETH stuck between a range of 4160 and 3980. ETH needs to break above in order to target 5k zone. However break below 3980 on hourly basis would open 3850 initially followed by max downside around 3550-3450.
CHFJPY'a upward move has tested a confluence zone where a strong resistance area and parallel channel top are aligned. In addition to this, the 61.8% Fib level stands firm as well. A possible downside move would be expected towards 122.60 followed by 121.00
CHFJPY in one-hour time frame showing some bearish Divergence on RSI. It could correct itself towards the nearest support zone 122.00 area having fib level support of 38%.
Establishing AB=CD Pattern on Daily Time Frame. ATOM is targeting 56-58 zone but it needs to break above 40 in order to accelerate its move. Fibo 0.382 acting as a major support.
Trading in a falling wedge pattern. It needs to break 10 and sustain above it in order to trigger higher targets around 11.40 initially followed by 12.0 and 13.3. On downside 9.2 and 8.8 are likely to restrict any fall.
Bullish Indicators: 1) HH HL 2) Upward trend 3) Bounce from lower ascending trendline. 4) Support zone at 1.16169 5) Bullish divergence on RSI Bearish Indicators: 1) Upper ascending trendline 2) Resistance zone at 1.16713 Plan A: Currently taking support from lower ascending trendline one can buy from here for the target of 1.16713 Plan B: On the breaking of...
The NZDJPY"s current upward surge was retraced from a strong resistance zone around 82.00. Sellers reacted and the price dropped. Now we are accepting there will be a corrective move towards 79.5.
Breaking out of Falling Wedge Pattern and Establishing targets towards 400 initially followed by 450. However any closing above 450 would open 500 - 530 as next upside. On downside 300 acting as strong support.
Moving in a converging triangle. It needs to break above 1.10 and hold that level to trigger a move towards 1.29 initially followed by 1.50. Immediate support is around 1.00 followed by 0.98.
AUD/USD’s rally has reached 0.7540 a strong resistance area. We would expect to see some seller's entry in this vicinity. We would allow for a small retracement towards 0.74250. And on the breaking of the parallel channel, there will be a further slide towards 0.73700.
EURCAD, the consolidation phase is almost over, and try to recover from a long bearish rally. Some good candlestick patterns show buyers' interest, so It can correct itself towards 1.4600 level.
