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NZD/JPY will remain in the rangebox

NZD/JPY is moving inside range box with upper range resistant line of 83/83 and lower range box support line of 76.00.
The pair is likely to move up towards the upper line of the range box and fall again.
Major Supprt and resistant lines are
83.85
82.48
81.08
78.09
76.00
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AUD/NZD will consolidate

AUD.NZD had formed a head and shoulder pattern which is very bearish. But if the pair can't fall fast, it is likely to consolidate.
Major Support and Resistant Levels are
1.1279
1.1160
1.1022
1.0849
1.0590
1.0375
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AUD/CHF is tracing a triangle

AUD/CHF is tracing a rising triangle. If the resistant level of 0.7792 is breached the pair will breakout.
Major Support and Resistant Levels are
0.7792
0.7718
0.7590
0.7502
0.7435
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AUD/CAD has reverse the bearish trend

AUD/CAD has reversed the bearish trend and is now likely to move up towards 1.0201 levels. The pair is tracing the wave 3 of the 1-2-3-4-5 Impulsive Elliot Waves.
Main Support and Resistant Levels
1.0201
1.0051
0.9910
0.9718
0.9606
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mrlfx avatar
mrlfx 20 Feb.

mrlfx avatar
mrlfx 20 Feb.

AUD/CAD has corrected more to invalid the wave 4 of the elliot waves. But the trend is still bullish and is will try to breach the rising trendline.

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GBP/CAD likely to ocnsolidate

GBP/CAD is likely to consolidate after breaching the lower line of the rising channel.
Major Support and Resisrant Levels are
1.7436
1.7163
1.6752
1.6345
1.5847
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GBP/NZD is falling inside a rising wedge

GBP/NZD is falling inside a rising wedge. Its likely the pair will fall towards the lower line of the wedge formation.
Major Support and Resistant Levels are
1.9705
1.9022
1.8327
1.7895
1.7325
1.6927
1.6699
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mrlfx avatar
mrlfx 20 Feb.

mrlfx avatar
mrlfx 20 Feb.

GBP/NZD is falling down and still bearish  as predicted but the pace of fall is slow because of the correction.

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GBP/USD rises inside a rising channel

GBP/USD is rising inside a rising channel. The pair is tracing the wave 3 of the 1-2-3-4-5 Impulsive Elliot Waves. Its likely the pair will move towards the upper line of the rising channel.
Major Support and Resistant Levels are
1.4066
1.3826
1.3606
1.3298
1.3008
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mrlfx avatar
mrlfx 20 Feb.

mrlfx avatar
mrlfx 20 Feb.

GBP/USD move past the upper line of the channel in the supposed wave 3 and corrected.

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NZD/JPY formed Mutated Gartley Pattern

NZD/JPY formed Mutated Gartley Pattern and is bullish. The pair is likely to test resistant level of 83.91.
Major Support and Resistant Levels are
83.91
82.61
80.40
78.19
76.29
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mrlfx avatar
mrlfx 26 Jan.

mrlfx avatar
mrlfx 26 Jan.

NZD/JPY continues to be  bullish.

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NZD/USD is bullish after an inverted head and shoulder

NZD/USD is bullish after tracing an inverted head and shoulder pattern. The pair is tracing the wave 5 of the 1-2-3-4-5 Impulsive Elliot Waves.
Major Support and Resistant Levels are
0.7203
0.7054
0.6953
0.6825
0.6777
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mrlfx 19 Jan.

mrlfx avatar
mrlfx 19 Jan.

NZDUSD rose faster than expected.

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NZD/CAD is breaking out after breaching the trendline

NZD/CAD is breaking out after breaching the falling trendline. The pair has traced the wave wave 4 and is at the beginning of the wave 5 of 1-2-3-4-5 Impulsive Elliot Waves.
Major Support and Resistant Levels are
0.9424
0.9208
0.9044
0.8892
0.8683
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mrlfx avatar
mrlfx 19 Jan.

mrlfx avatar
mrlfx 19 Jan.

NZDCAD rose slower than expected.

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