AUD/USD is Moving DownwardsIt is the AUD/USD 2hr chart. At present, it's rising by taking the support of the minor support trendline. The trend moves the same as the previous then, it will touch the following targets 0.7390 - 0.7422 .
But if we analyze the trend, it's trying to break the minor support. RSI also shows the downtrend. So, if it falls, the trend will reach the following targets 0.7340 - 0.7324 .
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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.
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+