The market has broken out of the down trending diagonal. We now see a clear retest and rejection which are pushing price higher.
The market has reached a support zone, this means we can expect a short correction before we see more continuation to the down side.
The buys are getting wicker in this market. I'm expecting a breakout of the uptrend diagonal.
The market has given us a bullish break out of the downtrend. I'm expecting a small correction before we see a bullish continuation.
EURNZD has formed a nice wedge after the first impulse we had to the down side. This correction wedge tells me I should expect more sells.
USDCHF has given us a nice breakout and retest of the descending channel. This is a very high probability trade with low risk involved.
USDZAR is currently at a very strong support zone hence the are more chances of a Buy. Secondly, the market has printed a falling wedge on the 4H timeframe.
I'm expecting more continuation to the down side on AUDUSD but I do not recommend selling now. A clear breakout and retest would surely confirm my sell.
According to my Elliott wave analysis, BTCUSD is about to make the fifth wave
According to my Elliott wave analysis, I'm expecting the market to make the wave five of the down trend.
Hello traders, here is an update on AUDUSD. The market is in an expanding wedge and I believe that the market will first touch the trendline before we see more continuation to the downside. Let me know your views on this one. Cheers
The downtrend is almost finished and the market is almost ready to Buy. I believe that the market will break the down trend and continue higher. What are your views on this one?
Hello traders, here is an update on NZDUSD. The market has touched the trend line Support which signals an increase in Bullish strength, as we have seen the first impulse move to the up side.