USDCAD pair long trend strength looks fading. Today's candle stick pattern looks like hanging man below 1.3570 price can slide till cautious approach suggested.
GBPJPY pair can slide further after breaking major supports on weekly charts. Price can slide to 137.7-137
USDJPY pair break below triangle and trending lower making lower lows. It can test levels of 110.05 and 109.7
GBPCHF pair looking to form double bottom formation and now going to break major hurdle 1.2600.
EURGBP pair can test lower end of triangle either break below 125.5 also possible.
GBPUSD bullish breakout from positive sign may test 1.2840-1.2860. This breakout is fade out or real its matter of time but price action suggest positive momentum continue.
EURGBP after facing major rejection around level of 0.9070 now approaching lower band of series of support 0.8963. Price can bounce from this level or break to test 0.8920 level
Crude oil major trading range developed is $42 to $50. As per analysis bounce should be used to light position who already buy on lower level and risky trader can use tight SL of $50 for short position.
STI index facing resistance around 3080. Above 3080 major price rise possible. price can retrace lower to 3050 where it can find support.
Pair EUR/JPY can slide further to test strong bottom level of 125. Pair faces strong resistance around 127 and 127.20 zone. Momentum indicator RSI fluctuating between mid zone of 20-50.
Datasonic Bhd oversold on weekly charts can rise above 0.490 level 0.550 possible and on lower side 0.410 is major support
Gold shows good strength in uptrend, every pull back lower used by trader to enter in long side. Now price reach critical juncture and near upper end of channel. Trade below $1270 in 4 hour charts can push price lower either by profit booking or bounce in dollar index.
EURAUD pair looks to retrace some gains after profit booking and AUD took support around 0.7030-0.7020. Pair can slide to 1.6110-1.6080 with upper resistance and 1.6170
Silver can follow Gold trend and rise further may break long developed range between 14.80-14.50. Immediate TGT 15.00 possible
AUDUSD pair can bounce from oversold zone but strength to upside limited. Reversal of downtrend can end above 0.7100 till downside TGT remains open with sell on rise strategy.
EURCAD pair show early reversal sign.To get confirmation for this price need to trade below 1.5435 Divergence on MACD and price is early sign of that momentum shift likely can retrace price back to normalized level.
As the Brexit event and its outcomes which weigh on GBPUSD pair future. Technically pair trading below 20 day SMA and price rejection around 1.2700 level clear indication of pair’s strength how weak. If pair trades below 1.2607 it can slide till 1.2570 to 1.2530.On other side if trade above 1.2700 it can rise to 1.2750-1.2770.
As per Weekly chart of Hibiscus petroleum Bhd trend in falling wedge with narrowing in downward slope. Till it not break 1.10 on upside we can expect stock can slide to 0.980-0.930.