NZDUSD, has created many signals for a bearish continuation.
RBNZ is hinting for a rate cut in August and further ease will be negative for NZD.
Technicals suggest Head&Shoulders pattern in formation.
Bearish RSI Divergence in Existence now.
We are looking at 0.6750 Zone as 1st Target with open target at ...
As you can notice both Daily Period Charts.
On the left we have JPY Futures, and on the right we have USDJPY.
1 - It has been forming Inverse H&S Pattern, which looks completed as per projection basis.
2 - Touched the 88.6% Fib Zone Resistance.
3 - Bearish Divergence Formed, indicating a weakness to ...
As seen in the weekly chart. We see price is indicating a bullish momentum to develop again in the pair.
1 - We are at the 38.2% Retracement Level of the major upswing.
2 - Price respecting the uptrend line, perfectly.
3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming.
Good Luck, ...
Crude Oil seems to be forming a bearish gartley pattern, as we go in to the Opec & Non Opec Producers April Meeting. Nevertheless, we are in Over-Bought territory, and expect a retrace to around 36-37 Leg zone.
Price on the daily has respected the 78.6% Fib Zone of a Bearish Butterfly Structure.
We are currently looking to develop the B-C Wave.
Price action of S&P500 is bearish and is losing steam and strength for further upside as in monthly chart too.
GBPUSD is currently in excellent pattern position, enabling traders to benefit from Long and Short if the bearish butterfly setup develops.
Currently its a SHORT Setup from 1.4485 - enabling to give around 200-250 Pips to the downside.
We are favouring some USD strength in coming days.
Dont let the Crab bite you.
With a sudden Jump in EURO, and a steep fall in DOLLAR, something really is not technically understandable.
After some deep analyzing, we have another pattern being grilled up - Bullish Crab.
We still favour Sell on Rallies, and look EUROUSD to Fall Sharply in coming weeks.
Its not a ...
In the Daily Chart, we see the steam of upside losing and should be stalling at around 1.1310-15 zone.
With coming in the over-bought territory, and a possible bullish butterfly formation, completing "C" level, it should hint a drop to the major support line at around 1.05500 Zone.
Crude Oil saw an uprise in the prices yesterday, with no such fundamental news, technicals in play.
It seems there is not much support or strength in the rise of the prices, creating a bearish cypher pattern as well.
Currently price just below previous Support now Resistance, touched couple of times.
It appears ...
As i am researching and putting more ideas to the Charts.
They are communicating, and it seems we might see a Mirror (Duplication Movement) of the previous Structure, lets see.
As well there is an Ascending Broadening Wedge, which we broke earlier, now pullback - tested the Resistance (previous support), as well ...
As the market gets near to the March 10 - ECB Meeting, Technicals are hinting of weakness pressure building up.
We have created a Bearish Cypher Pattern, along with Hidden Bearish Divergence. Earlier historical price strucrture with Hidden Bearish Divergence nature has always flushed down the prices. Would we see ...
AUDUSD seems to have completed Bearish Butterfly Pattern.
RSI is also indicating for the movement to continue downside, being in the Over-Bought scenario, which is confirming as well on the completion of Harmonic Pattern - Bearish Butterfly.
We favour Shorting AUDUSD, for targets 0.7050 zone.