GBPJPY Trading Idea: This trendline break and the resistance level which is acting as a support can offer Resistance to GBPJPY and its price can get weak.
EUR/JPY Price Analysis . From a longer-term perspective, the EUR/JPY formed a double bottom, meaning that the EUR/JPY pair is upward biased . A decisive break above the latter would send the EUR/JPY pair rallying toward a 2022 high of 148.40, but it would face some hurdles on its way north.
Trading idea : EURUSD 1H CHART . EUR/USD drops below 1.0900 after dismal German data, EU/ US inflation eyed . The pair retreats from weekly highs amid a broad US Dollar rebound, as investors turn cautious ahead of the Eurozone and US inflation
Gold at a critical juncture ahead of key inflation data . . . In scenario A if bulls get successful in breaking the triangle resistance in this chart, after confirmation the price can advance to its Supply zone. * In scenario B if bears get successful in breaking the triangle support, after confirmation the price can visit its Support zone.
Trading Idea : British Pound vs Japanese Yen { GBPJPY } * * The major cross-pairing is nicknamed "the dragon" and is considered to be a barometer of the global economy. In periods of economic and market stress expect downward pressure to be exhibited. As a safe haven currency, the Yen finds support in perids of political and economic uncertainty. Energy prices are...
EURAUD: REVERSAL CANDLESTICK PATTERN AFTER A SECONDARY TREND. Market currently trading a bearish trend structure by forming lower lows and lower highs. Market is also taking resistance from a previous trend line. Market shows enough potential to pull down the price in upcoming sessions. Market is expected to remain bearish for few upcoming trading sessions. Market...
AUDJPY: DESCENDING TRIANGLE PATTERN SPOTTED DAILY TIME FRAME. Market is currently trading in a Bearish Market structure(forming lower lows and lower highs). Intensity of bears in market is also higher. Market is expected to remain bearish for upcoming trading sessions. Market may test support level of 80.400 in near future. Major resistance level will remain...
EURUSD: TRADING NEAR MAJOR STRUCTURAL SUPPORT. Market is forming a Bullish trend market structure by forming Higher highs and Higher lows. 1.04800 will remain a key support zone for the market. Market is expected to test the resistance level of 1.10100 in upcoming trading sessions.
We can spot a double bottom in EURAUD on daily time frame. The neckline for the double bottom has already been broken. Market has created a Higher low at the level of 1.52600. Market is expected to reach the target of 1.62000 in upcoming trading sessions.
USDJPY:- STRUCTURE BREAKOUT ON BEARISH SIDE. Rising Wedge pattern also spotted in this pair. After a rising wedge pattern market created a lower low. Which indicates a starting of a downtrend market. Now market is expected to push downside for few more sessions. Market may test the levels of 130.360 in upcoming session. On higher side 138.000 will remain the...
AUDUSD HEAD & SHOULDER SPOTTED IN 4H CHART. We can see a clear downtrend in the chart. Market is making lower lows and lower highs. Market is expected to remain bearish for new few trading sessions. Market may test the support levels of 0.67300 and 0.66500 On higher side market has a major resistance at the level of 0.69250
US30 TRADING NEAR MAJOR RESISTANCE. The way market is reaching the major resistance level is a very weak approach. Market is expected to slow down for few upcoming trading sessions. It may test the support level of 32600 in near future. On higher side 34800 will remain the major resistance for the market.
Major Key Resistance level at 1.4630. A bearish Engulfing Candle is been spotted bear the key resistance zone. Market is ecpected to test the levels of 1.42700 & 1.39500.
GBPAUD: IN DOWNTREND STRUCTURE. We can spot the downtrend structure in 4H time frame. Downtrend structure is expected to continue. Market may test the support levels of 1.72500 in upcoming trading sessions. On higher side the resistance will remain at 1.76000.
ALPHABET: Double Bottom Spotted. After a long downtrend market, a double bottom is spotted in daily time frame. The downtrend Market structure has already been broken in last two trading sessions. Investors are showing more interest in this stock. This may result in a bullish rally of the stock. Stock is expected to test the level of 123$ per share in upcoming...
ITC currently trading near the major structural support zone. Some bullish engulfing Candle spotted near the support zone. Which indicates the continuation of the uptrend. And market is expected to remain bullish for few upcoming sessions. Market may test the target levels of 346 and 360 per share.
US100: Downtrend Structure broken. A new uptrend is expected in upcoming sessions. Market may test the levels of 12080 on higher side. 11815 will remain a support zone for the market.
USDCAD: MAY CONTINUE THE DOWNTREND. Downtrend spotted in USDCAD in 4H time frame. Continuation of the down trend is expected in upcoming sessions. Major Resistance level will remain at the latest lower high of 1.35200. Market is expected to test the support level of 1.33000 in upcoming sessions.