traderpulse

traderpulse

The counter is currently in its final stages of the bull cycle. We expect a three-wave bear cycle to follow it up after the strong run-up. It is trading around a strong resistance, which could be used to initiate short positions.

traderpulse

GBP/USD is forming an ascending triangle pattern in the short-term charts. Further, the continuation pattern has been formed after a breakout in the long-term charts. Hence, we expect the pair to be bullish in the short-term.

traderpulse

The counter has broken out of the critical resistance of 126.8-127. Further, it has broken out after strong consolidation in the form of flag patterns in price action and RSI indicator. Hence, we expect the breakout to sustain and catapult the prices higher.

traderpulse

The counter is currently in a 3-wave bear cycle. Now, it has completed its wave B and is poised to commence its wave C. The engulfing bearish candle has marked the beginning of wave C and hence we expect the pair to be bearish in the near-term.

traderpulse

The counter has broken its near-term bullish trendline. Then it formed a head and shoulder pattern and has broken down the neckline as well. Hence, we expect the pair to be bearish in the near-term.

traderpulse

The counter has formed a cup and handle pattern in the long-term charts. There might be some consolidation in the near-term. We expect the pair to be extremely bullish in the near-term.

traderpulse

The counter has broken out of a deep consolidation. Technically, it could be interpreted as a pennant formation and box formation. Both signify deep consolidation and hence the pair has legs for a further bull run in the short-term.

traderpulse

The counter has been sliding down in a descending channel formation. It is now consolidating in a bear flag pattern and closing in on the upper parallel. We expect the pair to find resistance around here and then continue its downslide.

traderpulse

The counter is currently in a sideways range. It has hit the lower end of the range with stochastic lunging into the oversold zone. We expect the range to hold and push the price higher.

traderpulse

The counter has broken down a head and shoulder pattern. The pattern is right inclined which portrays extreme negativity in the counter. Hence, we expect the pair to be bearish in the short-term.

traderpulse

The counter is currently forming a bullish flag pattern. It is now sliding down to the support zone, placed around 1.2000. The support zone presents a good buying opportunity, however, if you are a risk-averse trader, we advise you to go long after it crosses the resistance at 1.21322.

traderpulse

The counter is currently in a short-term bull cycle. It is now in a consolidation phase which could be termed as wave 4. We expect the pair to surge to the high to complete wave 5.

traderpulse

As we suggested earlier in our premium analysis, the counter has formed a bearish flag formation. It has now broken down with a strong volume candle. Hence, we expect the pair to move down to lower support levels.

traderpulse

The counter has been in an ascending triangle formation. Now, the range is narrowing and the pair is in a make or break situation. We expect the pair to render a bullish breakout, however, we advise traders to go long only above 140.341.

traderpulse

The counter has been in a strong uptrend in the long-term charts. In the short-term charts, it is moving up in an ascending channel. Further, it is currently at the lower parallel and hence it's a good time to go long.

traderpulse

The counter has been on a selling spree for the last 3 months. Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown. Hence, we expect the pair to weaken further from here.

traderpulse

The counter has been in a 5-wave bull cycle. Now, it is in the wave 4 phase which results in a bearish correction. Hence, we expect the pair to be bearish in the near-term.

traderpulse

The counter has been in a steady decline for the last 3 months. Now, it has hit a strong support level which could trigger some profit booking. Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone. Hence, we expect the pair to be bullish in the short-term.