UnknownUnicorn7370629

UnknownUnicorn7370629

NZDUSD. The pair is still completing the last leg of correction downside. That means there is more bearish potential left and we may see further downside in the coming weeks. We are currently in the (Y) wave with smaller impulsive waves forming with downward movement. We are likely to see the pair fall next week as we are currently at a trend resistance with...

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Ethereum. The analysis is based on technicals only. While fundamentals are not directing towards a stronger crypto market either, it seems valid to assume that there can be more bearish scenario in the coming days/weeks. Some people are still not ready to see any more bearish movements on the cryptos but that doesn't change the fact that the market is still...

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Dollar Index . DXY . After one complete cycle for a bearish impulse, we are in a correction phase on Dollar. The main trend will continue after the correction sequence is over and the dollar could continue its fall to a lower level. The same trend can be seen on EURUSD as after the correction ends, we are waiting to see another impulse towards 1.25, which clearly...

UnknownUnicorn7370629

Dollar Index . DXY . After one complete cycle for a bearish impulse, we are in a correction phase on Dollar. The main trend will continue after the correction sequence is over and the dollar could continue its fall to a lower level. The same trend can be seen on EURUSD as after the correction ends, we are waiting to see another impulse towards 1.25, which clearly...

UnknownUnicorn7370629

The impulse downside seems to have begun with wave 2 retracing 61.8 fib. level. That means we are likely to see more impulse downside as we are likely to be in the 3rd wave now. The pair could remain bearish for the coming weeks with targets near to 0.68000.

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XAGUSD. Price remains bearish on Gold and silver this week as we saw rejection at a higher price. The upward move makes an expanding correction ABC, after which we can expect a fall now to finish the last leg downwards. Price could remain bearish for the upcoming week(s) to finish the correction. The downward movement can be labelled as waves 1 and 2 with 50%...

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EURUSD. The pair is likely to move upside to form the 4th wave of the bigger (C) wave. The correction is likely to end after the 5th wave downwards. It is good to notice the price action at the resistance level and look for more short opportunities. Previous Analysis:

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Litecoin. It looks like the correction is still not over here and would likely extend lower. Most cryptocurrencies are in the correction phase now, even though many of them have been dropped more than 50% of their highest value. While we know that the current price action is a corrective phase, any further drop is only going to provide us with more long term...

UnknownUnicorn7370629

Ethereum. The price is still making corrective moves only to the upside. I still have a bearish scenario on most of the cryptocurrencies. I would expect another big drop in the next week. One thing to be sure about is that it's not the time yet to buy and hold cryptocurrencies.

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AUDUSD. The correction will extend further to the downside after a retracement. We might see a slow movement next week to the upside before starting another impulse to the downside. Watch for the price to turn bearish in the resistance zone for short opportunities. Manage risk while trading.

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BTCUSD. Bitcoin. The last move upside has clearly been a corrective pattern into the resistance. This means that further drop in the prices can be seen, but more importantly, it's to know that the buying opportunities are not very clear yet. Check the previous analysis below to see the price action breakdown on Bitcoin.

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GBPJPY. A new cycle has begun to the upside which has already completed wave 1 and 2 with perfect retracement to 61.8 Fibonacci. We are most likely to see an upside in the coming weeks. Wave 3 is never to be missed! Take the opportunity and manage risk while trading.

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EURGB. The correction has been going on for weeks but the pair seems to be breaking out of the zone. Weakness in the pound (presently) can be a good indication that we may see further bullish movement in the coming weeks.

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GBPNZD. With pound losing its strength, the technical analysis makes sense. The pair is likely to drop and form another wave to the downside.

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USDCHF.

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NZDUSD. The pair has started the downward movement and will provide good opportunities to short after a small retracement. The coming weeks are most likely to remain bearish with good momentum and profit targets.

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NZDUSD. The retracement on the pair was very accurate as per the Fibonacci extensions. Now the price is also testing lower Fibonacci levels which can be a good sign that the correction has ended. We are likely to see the next impulsive movement downside this week.

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EURUSD. The correction is likely to break this week to create lower prices on Euro. The same action can be seen on USD as well which means USD is likely to strengthen against most of the XXXUSD pairs. This will be the last correction on the pair which could last a few more weeks. After the correction, we can expect the price to move to 1.25 for another impulsive wave.