Breaking of a strong support and two price peaks shows strong confluence to double top pattern
Pound continues to lose its ground against Aussie as the bearish rally in the pair continues. Sellers should aim for buying on dips strategy as strong rejection from previous higher low, and a bearish divergence shows bears are still in control.
The price broke its neckline after forming double top pattern.
-As the japanese yen make continues its bullish rally, aussie-yen pair weakens. Forming the double top, the pair continues its bearish rally.
The hourly chart control of bears as the price continues to form lower highs after breaking its double top neckline.
Gold has failed to break its previous higher high against the dollar. Combine that with the fact it just broke its fib support level and lower high breaks, a good short entry is seen.
Presenting a buy call for going long in euro against nzd
After hitting top at 50% of the previous rally, the bears have taken charge. Prices are likely to break in upcoming days.
Almost seven bearish indications are seen in this stock; indicating that the bears are in full control of the rally
The stock continues its bearish rally with formation of another possible higher low. Sellers are advised to go short.
The bearish rally has seemed to bottomed out after formation of bullish divergence and subsequent higher low. Buyers are advised to wait for the breaking of strong resistance level before going long in this trade.
Sellers are likely to maintain control over the currency pairs. Sellers and buyers alike are advised to wait for the breaking of major support levels before entering the trade.
A pair driven strongly by support and resistance shows a bearish downturn by breaking all support levels.
The continuation of a strong bullish trend in euro against USD will be verified once the currency breaks the cup and handle pattern it's forming as of now. By projecting two TP limits via chart patterns, a good trade plan can be seen.
I have made three trade plans on the basis of current price indicators.
I have mentioned all the technical tools which are indicating a strong bias towards selling the stock.
The security shows continuation of it's bearish trend after a sharp bounce from its bearish trend line. Sellers can seek the opportunity to sell on the dip till the next respected trend-line support of 67.7. (please note: the energy is formed a falling wedge pattern and might change its trend into bullish, so be mindful).
The formation of bullish candlesticks after a bearish rally, and formation of another higher low shows strong indication that bulls are in control. Moreover, a bullish flag pattern is also observed which gives another opportunity to go long for a while.