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Will NZD/USD Break the HurdleHere's the 1H chart of the NZD/USD. And it's moving downwards. Here, I have applied the indicators - Volume, Stoch RSI, and RSI. RSI and Stoch RSI both are showing a downtrend. It's falling in the uptrend. It will fall up to support. If the trend breaks the support, it will hit the hurdle( 0.7136 ). If it breaks the hurdle( 0.7136 ), then the target will be the following 0.7116 - 0.7088 . But, if NZD/USD takes a U-turn and starts to move upwards, it will hit 0.7216 .
by forextidings
AUD/USD is Going To Hit The Support Soon.If you see AUD/USD on the daily timeframe, it's an uptrend. Here is the 15m chart of the AUD/USD, and it's moving upside with the fluctuations in the trend. It will fall to the following levels 0.7640 - 07630 - 0.7625 , and then it will take a reversal from the support. And after that, it will rise to the support level, and the targets are following 0.7635 - 0.7650 - 0.7670 - 0.7679 . But if AUD/USD does not take reversal from the support and starts to fall by breaking the support( 0.7627 ), then the trend will hit the following levels 0.7610 - 0.7600 - 0.7580 .
by forextidings
USD/JPY with the Symmetrical TriangleUSD/JPY is moving downwards. It started to fall from 20th February of 2020. And it's still falling. It has made the symmetrical triangle here. It's making the 4th wave here, and it has to cross the following level 103.455 - 103.360 - 103.185 - 103.050 , to complete the 4th wave. But if the trend started to move upside, then there will be a failure of the symmetrical triangle. Then the targets will 103.815 - 103.915 - 104.100 . I have applied DMI, ADX is less than 25 , which shows a downtrend. And the +DI is above -DI means an uptrend.
by forextidings
USD/CHF- Bearish Elliott Wave PatternHere's the daily chart of the USD/CHF. It started to make a bearish Elliott wave from the 23rd of April 2019. There is a symmetrical triangle in the 3rd wave. 4th, 5th and Corrective waves are remaining. 4th will be at 38.2%, 50% , or 61.8% . The trend is moving upside to make a perfect 4th wave. And for that, it has to hit the following targets 0.8990 - 0.9050 - 0.9200 - 0.9400+ But if it starts to make a downward movement instead of an upward. Then, it can be said the failure of the Elliott wave pattern. And in this scenario, the targets will be following 0.8780 - 0.8600 - 0.8400 .
by forextidings
USD/CHF- Will Complete Head And Shoulders Pattern?Here's the USD/CHF 15m Chart, and we can see here the possibility of the Head and Shoulders. The last shoulder in the making process. The trend has to cross the following levels ( 0.8886 - 0.8896 - 0.8900 )to make the shoulder, and it will go up to around 0.8906 . After that, it will start to fall and touch the neckline ( 0.8871 ), and then after crossing the neckline, there can be a short reversal, but it will fall to the following target 0.8866 - 0.8859 . But what if it starts to march upwards? If the trend continues to move upside, that means the failure of the head and shoulders pattern. And the targets for the uptrend will be 0.8910 - 0.8913 - 0.8920 . Fibonacci Retracement: Swing high: 0.9174 Swing low: 0.8822
by forextidings
BTC/USD- Will It Breaks the Hurdle?Right now, BTC/USD is moving sideways. It's running between the resistance and the support and often breaking the hurdle( 23254 ) on both sides. And it's trying to break the hurdle downside again. It has to cross 23340.20 to reach the hurdle (23254). If the trend breaks the hurdle downside, then the target will be following 23167.90 - 23031.90 - 22778.00 . But if the trend takes a reversal, it will touch the following levels 23775.40 - 23911.45 - 24000.60 .
BITSTAMP:BTCUSD
by forextidings
4
Will GBP/USD Hit The Resistance or Keep Moving Sideways?It's a GBP/USD chart on the 2hr time frame. Currently, it's moving sideways. But actually, it's moving upwards by following the control price and by taking the support of the support-line. The trend is trying to move upwards towards 1.3539 . For that, it will hit 1.3377 - 1.3457 . If the trend crosses 1.3539 , then GBP/USD will march to reach the resistance. To knock the resistance line, it will touch the following targets 1.3550 - 1.3570 - 1.3580 . But if it breaks the control price, then the targets for the fall will be the following 1.3253 - 1.3240 .
by forextidings
EUR/GBP and The Elliott Wave PatternHere's an hourly chart of EUR/GBP, which started to make the bullish Elliott wave pattern. The ABC correction is remaining. The 2nd wave is 23.60% of wave 1. The 3rd wave is more than 161.80% of wave 2. The 4th wave is 38.20% of wave 3. The 5th wave is 61.8% of wave 4. In the ABC correction, A is 61.80% of wave 5. B will be at 50% or 61.8% of A, so the targets for B is 0.91250 - 0.91370 , and if it crosses 0.91370 , the next target will be 0.91590 . After that, the trend will fall to make a C, and the targets for C are following 0.91380 - 0.91160 - 0.90458 .
by forextidings
1
Time To Short the EUR/AUD?Here's the daily chart of the EUR/AUD. The trend is moving sideways, from the 1st of June 2020 till the 9th of December 2020. Then it started to fall, and rightnow it's standing on the 1.60330 . If it crosses this level downside, it will fall up to the following levels 1.60000 - 1.59000 - 1.57000 . But if the trend of EUR/AUD takes reversal and starts to rise from 1.60330 , then it will knock 1.61600 - 1.62400 . I have used the DMI and RSI. RSI is moving under 50 , and the ADX is less than 25 . Additionally, -DI is above +DI. These all show a downtrend .
Short
by forextidings
1
USD/JPY- Bearish Elliott Wave and Ascending Triangle Pattern USD/JPY has made the bearish Elliott wave pattern. At the end of the corrective waves, there is an ascending triangle pattern. After that, if the consecutive candles break 104.050, then the trend will rise and hit the following level 104.100 - 104.150 . But, according to EMA trend will continue to move downwards and knock the following target 103.945 - 103.920- 103.860 . But there is the possibility of reversal, too. Then it will continue as an ascending triangle.
by forextidings
1
Keep Your Eyes on AUD/USDHere's the 4hr chart of AUD/USD. At present, AUD/USD is moving upwards. And it has crossed the dynamic resistance trendline. Rightnow, it's maintaining a shortfall to get back to the position between the dynamic support and the resistance trendline. To make it easy to understand, I have used indicators - DMI, Supertrend. Let's see what indicators are telling about the trend of AUD/USD. DMI: +DI is above -DI, and ADX is 25 , means an uptrend. If the trend decreases and crosses the dynamic resistance trendline, then it will see 0.7476 . After that, if AUD/USD falls and breaks the major support, it will knock 0.7416 . But if AUD/USD takes a reversal from the dynamic resistance, then it will touch the following levels 0.7560 - 0.7586 .
by forextidings