High Probability Forecasts on majors / crosses

[pro4Xtrader]

GBPCHF broke out from the range that could push price much higher. Currently we can see a pullback to the previous resistance, and it could be a good spot to buy.

 

[pro4Xtrader]

CADJPY holding the support nicely that should be short term uptrend confirmation.

 

[pro4Xtrader]

While AUDCAD did hit the upside target it might very well test the strong resistance around 94.00 area

 

[pro4Xtrader]

While GBPCHF formed a double bottom I’d expect now a correction up to 1.4230

 

[pro4Xtrader]

For AUDUSD looks reasonable to retest 0.77 support area considering the break below the ascending channel. Lets see…

 

[pro4Xtrader]

The downtrend channel was broken that should push price higher, although currently GBPUSD is at the resistance and first I’d expect a drop to 1.48

 

[pro4Xtrader]

According to cycle analysis AUDCAD should start moving. Considering that it is now at the top the move is most likely will be down to re-test major support.

 

[pro4Xtrader]

EURCAD rejected the downtrend trendline and now we could see a decline back to the middle on the channel. Cycle analysis supports the idea that EURCAD is at the local top.

 

[pro4Xtrader]

Looks like CADJPY making higher highs and higher lows. At the same time it failed to break uptrend trendline (from current attempt) and cycles pointing to the next coming swing... potentially up to the previous strong resistance are at 103.75

 

[pro4Xtrader]

While GBPCAD broke above downtrend trendline, furhter rise should follow. But perhaps its not the best time to enter long trade since it is still in rage trading mode where move downt to double top first is quite likely.