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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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USD/JPY likely to consolidate

USD/JPY is moving inside a channel. The pair is likely consolidating levels 114.35 and 107.75.
Major Fibonacci Retracement Levels are:
0% (118.42)
23.6% (114.35)
38.2% (111.82)
50% (10879)
61.8% (107.75)
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GBP/AUD is to test 1.652 level

GBP/AUD is likely to test resistant level of 1.6520. The pair was tracing a reverse wedge chart pattern and has break out.
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CAD/CHF is likely to fall

CAD/CHF is consolidating inside a contracting wedge. The pair is expected to fall towards the lower trendline of the wedge.
Major Support and Resistant Levels are
0.7955
0.7780
0.7570
0.7340
0.7105
0.7
6965
0.6805
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GBP/NZD is likely to rise

GBP/NZD is forming a reverse wedge pattern. The pair is currently consolidating but likely to rise upward. The pair if rise, will be moving inside the wedge formation instead of breachig it.
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GBP/JPY will likely break out

GBP/JPY is currently tracing a ascending triangle pattern. The pair once breach the triangle could breakout and could test resistant level at 162.90.
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GBPAUD is likely to fall.

GBP/AUD is constrained by a falling triangle. Its likely to fall towards 1.618 support level. After which it will bounced back.
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USD/MXN is supported by the support level of 17.95

USD/MXN is currently confined inside a range box of 19.16 level and 17.95 level. The pair is expected to bounced from 17.95 support level.
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GBP/CHF looks to retract

GBP/CHF is currently bearish because of british elections and has fallen quite a lot .But because of oversold situation, is likely to retract.
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AUD/NZD is likely to bounce back

AUD/NZD is testing support level at 1.0410 which is coincided with the rising trendline of the wedge pattern. The pair is expected to bounced and rise towards 1.1240 level.
Main Support and Resistant Levels are :
1.1240
1.1000
1.0730
1.0410
1.0250
1.0030
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