USD/CHF will take a short reversal from here. Aggressive traders can start initiating new positions for 0.9210 - 0.9220 - 0.9230 target price. As per the 15M chart, USD/CHF sharply moving forward. I recommend to stick with the trend (support & resistance). Please keep eyes on Stochastic RSI to get a perfect entry-level. The real game will being after crossover...
GBP/USD will take a u-turn soon. The best test/entry-level is 1.2776 . So day traders can buy nearby it or at that level for targets of 1.2826 - 1.2866 . Risk: $26 Pips | Profit: $90 Pips
In this chart, crucial support and resistance are indicating an overall bullish trend since mid-2012 . Here, I have used the Elliott wave pattern. In the beginning, It's an impulsive wave, But forward it's converted into the corrective waves. MA of 50 and 200 indicates a positive trend. EURAUD is taking pullback after hitting the strong support...
Silver made descending triangle pattern and it's base range is 2.36 . Descending triangle pattern refer as a reversal pattern. Currently, XAG/USD is in consolidation area, and playing at resistance trendline. This pattern has 1% chances to breakout upside. And if it will happen then we may see prices at $28.600 - $29.800+ . DAY TRADERS: In this...
As per the support & resistance trendline, EURUSD is moving slightly upside. The last candle is running at the control price. Its a pullback here. Now pay attention to the support trendline B . If it breaks down, there will be a fall up to the support trendline A . It means it's a boom. As I explained, It may fall for 1.18260-1.18000 levels below. But it...
I gave this area out last week and expect price may return, 1.13000 could be the support and right shoulder to boost USDCAD back to the upside.
EUR/CAD cup and handle formation. Too good to miss… A beautiful cup and handle have been formed on the EUR/CAD daily chart and is poised for a remarkable breakout, WHY? The euro has been heavily longed by institutional traders compared to heavy short that was added last week to the CAD. Oil has had a tough start to the week and will continue to fall (our bias)...
U.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward. For short-term traders: Target Price 1: 0.91200 Target Price 2: 0.91500 For long-term investors: T arget Price 1: 0.91800 Target Price 2: 0.91920+ Look into the chart,...
According to this chart, AUD/USD will keep pushing upward. If you look at Bull Resistance and support trendline , It's positive ahead. Dynamic resistance and support trendline indicating the same. It has touched both in last trading day. Hence, we can initiate new positions in the buy-side. TP1: 0.7208 TP2: 0.7246+ Long-term target: 0.73000 The...
According to this chart, EUR/USD may start falling soon. You must keep your eyes on the Trend Changer level. EUR/USD may try to test 1.18750 and 1.18950 levels. You can pick it as a target for a short period. But don't buy under 50 MA . It has already hit my hurdle line. 50 MA Signal: Sell Complete breakout of hurdle: Sell Sell positions can be...
According to this chart, NZD/USD is trying to move forward. We may see a reversal from the control price and that could fly for T1 ( 0.6575 ) & T2 ( 0.6615 ). In the previous week, it has dropped -0.87% . Hence, keep your eyes on level of 0.6526 . This level breakdown indicates a strong sell signal. Later on, the NZD/USD journey starts for support level...
Put your eyes on the support level trendline ( ST ) and dynamic resistance ( DR ) first, USD/CHF is creating a symmetrical triangle. It's also changing trend by hitting at ST or DR . At present, it's at ST. By that means, it will touch T1 ( 0.9120 ), T2 ( 0.9160 ), and T3 ( 0.9180 ) soon. And yes, don't forget to notice the rejection zone , tail , and...
According to this chart, EUR/USD will keep moving upside. S-RSI crossover is confirming that. We may see the following levels soon: 1.1865 - 1.1915. Keep your eyes peeled at the hurdle (1.1695) . Breakdown of hurdle: 1.1640 - 1.1600 . I don't recommend selling the EUR/USD until the breakout of my hurdle.
Short positions below 0.7170 with targets at 0.7145 & 0.7115 in extension. The crossover of hurdle (0.7190) lines means a short uptrend. Hence, don't initiate a position before confirmation crossover. Hurdle Breakout(0.7190): 0.7214 - 0.7240 .
I do favour GBPAUD upside, but we will need to break out of this little sideways channel we are seeing. I've highlighted the 2 levels in my group we have taken advantage of the latest upside move. I do see some more consolidation around here before the next big move, but i still think so weakness is on the cards for AUD..
For (A) with targets at 0.9010 & 0.8975 in extension OR (B) with targets at 0.9065 & 0.9100 in extension.
According to this chart, GBP/USD will keep moving upside. We may see the following levels soon: 1.3055 - 1.3085 . Keep your eyes peeled at (C) level. Breakdown of (C) level: 1.2955 - 1.2920.
Long positions above 0.6535 with targets at 0.6560 & 0.6600 in extension. Alternative scenario Below 0.6525 look for further downside with 0.6505 & 0.6470 as targets.