Recent content by TriciaWilson

EUR/USD Wave Analysis ~~ The counter had completed its long-term wave 4 with an ABC correction. ~~ It had bounced off from the lows strongly by crossing the resistance at 1.1706. ~~ Further, if the price sustains at a higher level for the day, it could be interpreted as a morning star...

EUR/GBP Technical Analysis ~~ The upside movement of the pair is capped by a bearish trendline. ~~ It attempted a breakout but fizzled out and the price action has formed an H&S pattern instead. ~~ Hence, we expect the pair to be bearish in the near-term.

AUD/JPY Wave Analysis ~~The counter is currently in a long-term corrective ABC structure. ~~ It has completed wave A and is consolidating in a box structure at the low. ~~ We expect it to break upside and move to form wave B.

EUR/USD Technical Analysis ~~ As we suggested earlier the counter is in an ABC correction and pushed down at the resistance zone. ~~Now, the bearish flag formation has also broken down, validating the wave C. ~~ Hence, we expect the pair to be bearish in the short-term.

NZD/USD Technical Analysis ~~The counter was in a consolidation phase after a solid down move. ~~ The consolidation resembles a bearish flag pattern. ~~ Further, the entire setup could be interpreted as a head and shoulder pattern. ~~ Hence, we expect the pair to be bearish in the near-term.

CHF/JPY Wave Analysis ~~ After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase. ~~ It is now at a strong price action support zone and at the final stage of wave A. ~~ Hence, we expect the pair to be bullish in the near-term.

USD/CAD Technical Analysis ~~ The counter has bounced off strongly from the support 1.31, after trapping the bears with a fakeout. ~~ Now, it has taken down a bearish trendline as well. ~~Hence, we expect the pair to be bullish in the short-term.

AUD/CHF Wave Analysis ~~ After completing a bearish cycle, the counter is limping up to complete ABC correction. ~~ It is forming a wave A in the form of a bearish flag. ~~ We expect it to render a bearish breakout to form wave B.

EUR/USD Technical Analysis ~~ As we mentioned in our previous post, 1.18700 is a strong resistance for EUR/USD. ~~ Now, it has formed a head and shoulder pattern at the zone and is coming down strongly. ~~ The next support is only at 1.17500 and we expect a free ride to bears till then.

AUD/USD Wave Analysis ~~ The counter is currently forming an ABC correction. ~~ It has completed the w and x waves of the wave B and is now moving up to form a wave y. ~~ Hence, we expect the pair to be bullish in the near-term.

USD/CHF Wave Analysis ~~ The counter is currently in an ABC correction. ~~ It is now in its final stage for wave B looking out for support. ~~ We expect the pair to find its support around the current price point and head higher.

EUR/USD Wave Analysis ~~ The counter is currently forming an ABC correction. ~~ It is now in its second leg which is of the wxy wave form. ~~ Now, the pair is making a bullish move to complete the wave y and hence we expect the pair to be bullish in the near-term.

BTC/USD Wave Analysis ~~ Bitcoin has been in a bullish correction for the last few days. ~~ The limping move to the upside could be interpreted as wave B. ~~ Now, we expect a wave C move to the downside.

NZD/USD Technical Analysis ~~ The counter has formed a double top pattern in the short-term. ~~ Further, it has broken down with a strong bearish candle. ~~ The formation interpreted a solid distribution around 0.667 levels. ~~ Hence, we expect the pair to slide down from here.

EUR/JPY Technical Analysis ~~ The counter has made a retest of the broken head and shoulder neckline. ~~ It has made the retracement in the form of a bearish flag and has broken down from it. ~~ Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the...