EURGBP price has started an uptrend. Recently the price was at a support level and started to go up after getting bullish pressure from this support area. There is another support become resistance a little up. If this pair successfully breaks this resistance area, it might go up after retrenchment. But price needs to get a bullish candlestick confirmation from the resistance area. Or the price goes down from the level it is holding now. We have drawn an upward trendline at the H4 timeframe. If the price breaks this trendline, it might again go down to the support area. We should take any entry now in this pair because at present the price is in indecision mode.
CADCHF price is now on very strong support become resistance level. Previously the price went down this area as we can see from the H4 timeframe. The pair has not got any bearish confirmation from the resistance area. There is an upward trend that the price recently created. If the pair gets a bearish sign at this level, hopefully, it will go down to the trend support. Again the price has done with retrenchment from the Daily timeframe. After getting bearish confirmation, we can go for a sell entry.
AUDCHF Price is in retrenchment area in the long-term pattern. We can see from the Daily pattern that the price has got bullish pressure from the support area it is holding up now and has gone for retrenchment. Again the price is getting bullish pressure at retrenchment area. After today’s candle, we will be able to know. Hopefully, the price will go up from there. The h4 chat also shows the same that the price got the rejection from a support area and going up. Now the price might go up to the resistance level we have marked on the picture.
AUDJPY price has broken a firm support level as we can see from the Daily timeframe. Recently the pair has successfully broken this support and went for retrenchment. We can also notice a bearish candlestick confirmation in the retrenchment area. There is another support level we have marked in the picture. Hopefully, this pair will go near to that support area. In the H4 pattern, AUDJPY has continued a long-term downtrend. The chart shows that the price has broken the support and also retested. Now we can hope that the price will go down from there.
GBPNZD pair has recently broken a resistance level and retested the level. In the Weekly pattern of GBPUSD, the price has got a rejection at the retesting area and also a bullish sign (we have marked those signs). We can notice a barrier little up on the Weekly chart. Now we can hope that the price will go near to that resistance area.
NZDCAD price is now following the uptrend. Now the price is in retrenchment phase. We can notice a strong upward trendline from the Daily chart. If the price breaks this trendline and retest or gets any bearish sign from the retrenchment area, it might go down from there. From the H4 chart, we see that the price is continuously going up after creating higher high and higher low. Now the price is going for creating a higher low in a support area. If it breaks this area, the pair might go more down.
EURCAD is on the uptrend in the Weekly time frame. But the price is now in the resistance area. It may have retrenchment from there. We can see an upward trend from the chart. If the price breaks this upper level of the uptrend, it may go down after retrenchment of the trend. On the other hand, if the price successfully breaks the resistance, and goes for a retrenchment, it might go up. But before going up, the pair needs to get a bullish sign in the retrenchment area.
EURUSD pair is on the uptrend in the higher time frame. If we look at the lower timeframe, we can see that now the price is in retrenchment area and a range mode. There is horizontal support in the chart. If the price gets a bullish sign from this horizontal level, it might go up. In the Daily timeframe, the price has created a range, and now the price is on a support level. It is getting the bullish sign from there. After today’s candlestick, it will be clear. Hopefully, the pair will go up from there.
EURNZD price has recently got rejection by a resistance level and went down. The price had gone down from this area many times before after getting rejection as I have marked on the picture. This time also the price is going down though it has not gone for a retrenchment. Hopefully, the price will go more down after retrenchment, but it needs to get the bearish sign from the retrenchment area. Before that, we should not go for any entry in this pair.
In the Daily pattern of CHFJPY, it is now on a downward trend. Recently the pair has broken a strong support level, and also it has done with its retrenchment. We can see a bearish sign from this area. After getting this candlestick confirmation, the price went down. Hopefully, the price will go more down after more retrenchment. The Weekly chart also confirms the same. We can notice a support breaking point in the Weekly timeframe. Still, the price is going down. Hopefully, it will go to go the next support area.