High Probability Forecasts on majors / crosses

[pro4Xtrader]

CHFJPY rejected the key support area. Cycle up is still intact and the uptrend should be ending in the beginning of June. Target area is around a psychological round number 1.33

 

[pro4Xtrader]

While NZDJPY found the support it could be now growing, growing fast. The channel angle as well as cycle analysis suggest a 300 pip rise by the beginning of June.

 

[pro4Xtrader]

Break above the channels confirms bullish sentiment. GBPAUD could be reaching 2.0000-2.0010 area shortly.

 

[pro4Xtrader]

GBPCAD cycle up just begun suggesting the new highs are not too far away. It it not necessary that price will start raising immediately, but some range can be expected prior to the rally. Overall I expect GBPCAD to grow by 500 points by 10th of July.

 

[pro4Xtrader]

Gold is clearly in ranging condition that could provoke further consolidation. Considering that DeMarker oscillator is out of the oversold area price could start rising to test 1220 resistance area. Also the uptrend trendline has been rejected with the new up cycle just starting.

 

[pro4Xtrader]

AUDCHF continue to range and currently trading near the top of the range. The oscillator shows weakness and a potential cycle down. target near 0.7325

 

[pro4Xtrader]

USDCAD yet to face strong resistance at 1.2445. Bounce of the uptrend trendline confirms bullish sentiment and Demarker oscillator pointing up.

 

[pro4Xtrader]

AUDNZD broke below the support at 1.0733 confirming that it is under selling pressure. Within the next 24 hours we could see another wave down targeting 1.0585 level.

 

[pro4Xtrader]

EURCAD rejected the support and started rising. The Demarker broke above the trendline suggesting further move up. The price should be testing the area between 1.37-1.38

 

[pro4Xtrader]

GBPNZD cycles suggest a good time for a sell. The uptrend trendline is broken and that should put price under pressure. Overall I expect price to go down and hit 2.0780 area. Good selling opportunity might right now at 2.1330.