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On daily plotting of NZDUSD, bulls bounce-back with hammer pattern candle at 0.6864 levels, we can observe steep slumps below DMAs soon after streaks of bearish patterns, such as, hanging man, back-to-back shooting stars and gravestone doji patterns at peaks of rallies. Bulls in the minor trend counters back after hammer formation but with no convincing ...

Steller likely to have stellar performance in major trend but technicals indicate more slumps on cards in minor trend: Cryptocurrencies have had a convincing bull run in the last year. But Steller (XLMUSD) has shown sharp spikes that might have taken the investors to the Mars, Venus or some other planets. Yes, we aren’t blowing out of the proportion, just in ...

It is good to sell on rallies around $65.30-65.35 with SL around $66.50 for the TP of $61.90

GBP/USD 3-black crows manage to breach below channel support, spinning top and hanging man nudges below DMAs – Trade tunnel spreads: GBPUSD forms spinning top and hanging man patterns at 1.3422 and 1.3408 levels that restrain rallies below stiff resistance at 1.3463 levels and nudges prices below DMAs (refer daily chart). The prices in intermediate trend ...

Gold:Target 2 almost achieved @$1262.book full profits

US Dollar index has failed to breach 95 level for the past two times and declined from that level. The index hits high of 95.15 on Oct 27th 2017 and declined till 88.25. After 8 months of consolidation index has broken 95.15 and jumped till 95.27. US Dollar index has closed above 95 level on closisng basis yesterday and any consective close above 95 will confirm ...

ETH/USD bounces back above 21-SMAs with healthy momentum, SEC triggers optimism for Ethereum futures: Ethereum (ETH) has been the second major cryptocurrency by market capitalization, based on the decentralized platform that runs smart contracts. Then Friday’s “Ethereum is not a security” statement from the SEC triggered an uptick based on conjecture that the ...

It is good to sell on rallies around 1.3185-90 with SL around 1.3245 for the TP of 1.3040

It is good to sell on rallies around $1283-85 with SL around $1291 for the TP of $1269/$1260.

Chart and candlestick pattern formed – Shooting star, gravestone doji, and bearish engulfing pattern candles occurred at 129.438, 129.645 and 127.981 levels respectively (refer daily chart). Failure swings are observed at the stiff resistance of 128.3788 levels, while the momentum and trend indicators signal more weakness (daily charts). Hammer occurs at 127.626 ...

GBP/AUD tests 100-DMA, scope for further upside on close above. Technical studies are biased higher. Momentum bullish with RSI strong and rising. We exidence bullish divergence on Stochs which adds to the upside bias. Next major bull target lies at 61.8% Fib at 1.8082, breaka bove could see further upside. On the flispide, 55-EMA is strong support at 1.7840, ...

Stay short on AUD/JPY upticks, target 80.50/ 80.30/ 80, SL: 81.85

AUD/USD unable extend upside after upbeat RBA minutes. Scope for further weakness. Break below major trendline support at 0.7425 has opened up downside for the major. Technical indicators are heavily bearish. Good to go long around 0.74/0.7410, SL: 0.7450, TP: 0.7380/ 0.7330/ 0.73

AUD/NZD shooting stars plummet prices, can it transform into head and shoulder pattern? Trade boundary strikes and short hedge: Chart and candlestick patterns formed: Back-to-back shooting stars on weekly plotting and bearish engulfing patterns on daily plotting have occurred signal overbought pressures, while both leading oscillators substantiate the bearish ...

It is good to sell on rallies around 1.17350-400 with SL around 1.1785 for the TP of 1.1600/1.1535

It is good to buy on dips around 1.3425-430 with SL around 1.3370 for the TP of 1.3510/1.35650

The US dollar index futures for near month tenors has risen above 93.800 mark ahead of today’s Fed’s funds rate. If you observe monthly plotting of DXY technical chart, 2017 has shown the constant slumps especially after bearish engulfing, the dollar downtrend hit multi-month lows below EMAs and retraced 61.8% Fibonacci levels. But at this juncture, the bulls have ...

It is good to sell below 147.20 with SL around 147.60 for the TP of 146