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Technical Analysis - Potential Trading Opportunities

EUR/USD
Candlesticks in the forms of High Waves on the daily chart of the most popular currency pair tell us that there is going to be a reversal. Let's see at the charts below.
eurusd-daily.gif

Daily chart

On the H4 chart below you can see Head & Shoulders pattern that appeared after the price went higher MA (21) and the previous peaks. The goal at 1.32 is revealed.

eurusd-h4.gif

H4 chart

On the hourly chart the downward trendline was broken and now the pir is likely to move up further.

eurusd-h1.gif

H1 chart

Read more at Forex Trading System website.
 
GBP/DKK (British pound VS. Denmark Krone).
Several reversal signals appeared on the charts of this pair. See them below.

gbpdkk-daily.gif

Daily chart

gbpdkk-h4.gif

H4 chart

gbpdkk-h1.gif

Hourly chart

More detailed report can be found here.
 
GBP/AUD.
Pay attention to this pair on the 4 hours timeframe. After the price breaks the resistance, it will be the time for buying. Or if it goes lower then the support line of the triangle, the long-term fall may start.

gbpaud-h4(2).gif

H4 chart
 
USD/JPY.
This currency is in the correction movement right now. This correction seems to be close to its end and we need to catch a new rally up. See the charts below.

usdjpy-daily.gif

Daily chart

The middle of the long bullish bar serves as a support level. The same function has the lower line of the Wedge (or Triangle pattern).

usdjpy-h4.gif

H4 chart

A little more information
 
AUD/NZD.

Three green bullish bars appeared recently on the daily chart. ANd now, after a small fall down, the upward rally will continue. See the charts below.

audnzd-daily.gif

Daily chart

audnzd-h4.gif

H4 chart

More information about AUD/NZD scenario.
 
EUR/CAD.
The last two bars of this currency pair have long shadows and one of the bars is Doji. This means that there is a struggle between bulls and bears. Besides that, the price reached the resistance level and we should seek an opportunity to sell. Look at the charts below.

eurcad-daily.gif


Daily chart

On the H4 chart below you can see that a possible Rounded Top pattern is forming. As soon as the price breaks the support line, the downward movement may start.

eurcad-h4.gif

H4 chart

A little more information on the EUR/CAD page.
 
Swiss Franc vs. Singapore Dollar (CHF/SGD).
The pair went above MA (21) and formed the candlestick pattern Rising Three Methods. it is considered to be a continuation pattern and now the next aim is the resistance level of the previous top - approximately 1.37980. See the charts below.

chfsgd-daily.gif

Daily chart

On the H4 chart you can see one of the possible wave counts according to the ElliottWave Principle which also tells us that the movement will continue.

chfsgd-h4.gif

H4 chart

Hourly chart is presented below with a more detailed scenario. Possibly, there will be a small downward correction till the support level of the middle of the long green bar.

chfsgd-h1.gif


Hourly chart

Find more chart analysis on our website.
 
GBP/CHF.
The price reached a strong level of resistance formed by both the previous top and earlier bottom. There are no visible bearish signals at the moment but they can appear any moment. Don't miss them.

gbpchf-daily.gif

Daily chart

On the H4 chart Elliott Wave count is presented. The support line can serve as a signal to sell when it's breached.

gbpchf-h4.gif

H4 chart
 
EUR/USD.

Several bullish candlestick patterns are on the daily chart of this popular pair: High Wave and Morning Star.

eurusd-daily(3).gif

Daily chart

H4 chart shows us more details. The price is above the moving average and the next aim will probably be 1.37700.

eurusd-h4(3).gif

H4 chart
 
GBP/AUD.

On the charts below you can see Elliott Wave counts of different levels. They say that this pair will go higher. Also the price reached support on the H4 chart formed by the moving average and the level of the previous top. See the charts below.

gbpaud-daily(3).gif

Daily chart

gbpaud-h4(3).gif

H4 chart
 

Live Forex Chart

Currency
Rates
EUR / USD
1.15230
USD / JPY
160.166
GBP / USD
1.33369
USD / CHF
0.79622
USD / CAD
1.39495
EUR / JPY
184.558
AUD / USD
0.70439
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