USD/JPY Technical Analysis ~~The counter broke the resistance of 105.8 but was unable to sustain above it. ~~ It has then encountered a strong sell-off and has broken a bullish trendline. ~~ Hence, we expect the pair to be bearish in the near-term.
AUD/CHF Wave Analysis ~~ As we suggested earlier, the counter is currently in an ABC and has moved down significantly. ~~ Now, it is forming a triangle in the short-term charts. ~~ We advise our users to either sell at the resistance of 0.665 or when the price breaks down below 0.651.
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 short-term.
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.
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.
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.
Day chart shows it is moving messily between 1.16 & 1.20 level. But there are day trading opportunities even though it is ranging between 1.16 and 1.20 level.
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.
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.