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EUR/CAD Technical Analysis The counter is currently sliding down in a descending channel. It hit the upper parallel and is coming down strongly. Further, the RSI indicator has formed a head and shoulder pattern. Hence, we expect the pair to be bearish in the near-term.

EUR/GBP Technical Analysis ~~ The counter is currently consolidating in a wedge pattern. ~~ It hit the lower end of the range, formed an exhaustion candle and rose up sharply. ~~ Now, it is sliding to a demand zone where we expect buying activity to resume in the counter.

USD/CHF Technical Analysis ~~ The counter is currently in sideways consolidation. ~~ It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern. ~~ We expect the triangle to render a bullish breakout and push the price to upper end of...

NZD/USD Technical Analysis ~~ The counter is currently is descending channel pattern. ~~ It hit the lower parallel and bounced off with a ascending channel pattern. ~~ Hence, we expect the pair to trade with positive bias in the short-term.

EUR/JPY Technical Analysis ~~ The counter had multiple supports- trendline, bullish flag support and price action support. ~~ But it has broken all the levels and bulls are trapped big time. ~~ Hence, we expect some long unwinding move in the counter.

NZD/JPY Wave Analysis ~~ The counter is currently formed a flat ABC corrective wave. ~~ It broke out from a bear flag pattern, tested the broken support, and is now coming down with strong momentum. ~~ Hence, we expect the pair to be bearish in the near-term.

GBP/NZD Technical Analysis ~~ The counter has formed a topping out formation in the near-term. ~~ It made a double top and has broken a key support level of 1.99508. ~~ Further, the round number of 2.00 can act as psychological barrier in the near-term. ~~ Though a pullback to the top cannot be...

EUR/USD Technical Analysis ~~ The counter has made a bullish breakout from the consolidation. ~~ It is now taking support and broken resistance, which is a powerful sign. ~~ Further, the consolidation can be interpreted as wave 4 and it is gonna make a move to wave 5. ~~ Hence, we expect the...

USD/CAD Technical Analysis ~~ The counter has been trading with a bearish bias for long. ~~ The down move can be plotted with a pitchfork and the pair is making its last leg of the move down. ~~ Hence, we advise traders to go long at the lower parallel. ~~ And the upswing has a great chance to...

AUD/USD Technical Analysis ~~ As we mentioned earlier, AUD/USD has formed a gramophone pattern. ~~It has now formed an inverted head and shoulder pattern the supportive trendline and has broken out. ~~ And the RSI indicator has also replicated the same pattern, which validates the strength in...

GBP/USD Technical Analysis ~~ The counter is forming a descending triangle at the high. ~~ It made a fake-out at the resistive trendline and then sold off only to form a bearish flag pattern in the near-term. ~~ We expect the bearish flag to break down and the price to move to the short-term...

EUR/USD Technical Analysis ~~ The counter has been rising sharply from the low. ~~ The entire structure looks like a bearish cypher pattern. ~~ We expect the pair to face resistance at the reversal zone marked in the chart and move back to support level.

CAD/JPY Technical Analysis ~~ The counter has recovered from the lows with a strong V-shaped rally. ~~ It has now crossed a critical resistance level of 80.162. ~~ The structure resembles a bearish shark pattern and we expect the pair to rally to the completion zone for now.

USD/CAD Wave Analysis As suggested earlier in our premium analysis, the counter is currently in a bull cycle. It has completed wave B and is showing exhaustion at the lower level. Hence, we expect the pair to kickstart its wave C from here.

NZD/USD Technical Analysis ~~ The resistance zone of 0.668-0.67 has been a tough nut for NZD/USD. ~~ It failed to cross it despite three valiant efforts and the one time it crossed it was rejected at higher levels. ~~ So, the bulls are running for cover and we expect the pair to head down to...

AUD/USD Technical Analysis ~~ The counter has formed a gramophone pattern. ~~ It has hit the upper trendline and is coming down with strong momentum. ~~ We advise traders to go short when the pair breaks the support level of 0.71745 and expect a sell-off to lower trendline.

EUR/USD Technical Analysis ~~ EUR/USD is currently in a corrective consolidation. ~~ It has completed the waves A and B and is now due for wave C. ~~ Further, the resistance of 1.19 proves to be a tough nut for the bulls and hence we expect the pair to retreat to the support.

USD/CHF Technical Analysis ~~ The counter is currently in sideways consolidation mode. ~~ It is currently in its lower end of the range and the short-term indicators show signs of oversold condition. ~~ Further, the wave interpretation deems a wave C move to the upper end of the range. ~~ Hence...

Date: 4.08.2020 Pair: EURGBP Action: BUY Open Price: 0.90230 Target Price: 0.90540 Stop Loss: 0.89838 New Buy Order Placed @ 0.90230

Target Achieved @1.08251 with 25 Pips