On the 4 hour chart, USD/ZAR is proceeding through an ascending wedge formation while appraoching resistance at 15.95. Traders should be on the lookout for an inverse pinbar formation that would signal the pair is prepared for a sharp move…

On the 1 hour chart, GBPNZD is moving through the outlined Elliott Wave pattern with its sights set on Point #5.  The pair is also simultaneously exiting a wedge pattern that could see it shoot higher sooner than later.  Long…

On the Daily chart, GBP/JPY is retracing up to previous support now turned resistance at 1.3410. Short entries are favored in the 1.3400 - 1.3410 range. Take profit: 1.3330. Stop loss: 1.3455.

On the 4 hour chart, USD/MXN has pinged off resistance at 20.88 and formed an inverse pinbar that suggests an extended move downward is imminent. The optimal entry zone is between 20.75 - 20.80 to sell. Take profit: 20.62. Stop…