Harmonic Pattern formed - Bullish Gartley pattern (Weekly chart) Potential Reversal Zone (PRZ)- 1.0915 Any break below 1.0915 will drag the pair further till 1.0880/1.0850.The pair's minor support is around 1.0950. The minor resistance is around 1.0480 and break above targets 1.070/1.1100/1.11460. It is good to buy at dips around 1.0980-85 with SL around...
Loonie is facing major resistance around 1.3162 and break above confirms major trend reversal , a jump till 1.3225/1.3300 is possible. On the downside weakness can be seen only below 1.3040. The minor support is around 1.3100 it is good to buy only above 1.31620 with SL around 1.3100 for the TP of 1.3225/1.3300
Cable major support is around 1.5400 and declined till 1.53692.It is currently trading around 1.50430 level. Break below 1.5400 confirms trend reversal, a decline till 1.5300/1.5280 is possible. Short term bullishness only above 1.5450.Any indicative break above 1.5450 will take the pair to next level around 1.5480/1.5510. The pair’s minor resistance is around...
Loonie has made a high of 1.31595 and started to retreat from that level. Overall trend reversal can be seen only above 1.31620 level. The pair has broken minor trend line support 1.3065 and break below targets 1.3025/1.2950 level in short term. Intraday bullishness can be seen only above 1.3120 level. Any break above 1.3120 will take the pair to 1.31620...
EUR/USD has made a low of 1.10718 and slightly recovered fro m that level. The pair's major support is around 1.1070 (trend line joining 1.105192 and 1.10840) and any break below targets 1.1035/1.1000. Further weakness can be seen only below 1.1060. On the higher major resistance is around 1.11460 and any break above will take the pair till 1.11780/1.1200 level....
EUR/USD has made a low of 1.10718 and slightly recovered fro m that level. The pair's major support is around 1.1070 (trend line joining 1.105192 and 1.10840) and any break below targets 1.1035/1.1000. Further weakness can be seen only below 1.1060. On the higher major resistance is around 1.11460 and any break above will take the pair till 1.11780/1.1200...
GBP/JPY breaks and trades well above 200 day MA and also above major resistance 185.60.So overall trend is bullish a jump till 187.45/188.26 level. On the downside minor support is around 185.30 and any break below targets 18475/184.40. Overall weakness only below 184.40. It is good to buy at dips around 185.65-70 with SL around 184.40 for the TP of 187.45/188.25
Low risk traders book profit in Nikkei 225 around @18870.
Low risk traders book profit in USD/JPY long around 120.65
Cable major support is around 1.5400 and break below confirms trend reversal , a decline till 1.5300/1.5280 is possible. Short term bullishness only above 1.5450. It is good sell on rallies around 1.5402-05 with SL around 1.5451 for the TP of 1.5300
Loonie is facing major resistance around 1.3162 and break above confirms major trend reversal , a jump till 1.3225/1.3300 is possible. On the downside weakness can be seen only below 1.3100. it is good to buy only above 1.31620 with SL around 1.3100 for the TP of 1.3225/1.3300
USD/JPY has once agin taken support near 119.50 (200 day HMA) and recovered till 120.20 from that level. So overall trend is still bullish a jump till 121.20/122 cannot be ruled out . On the downside major weakness can be seen only below 119.50 break below targets 119.20/118.60. The pair's major resistance is around 120.35 and break above targets...
GBP/USD target 1 achieved at 1.5435. Book full profit
Cable was trading in narrow range around 1.5410 and 1.55080. Any further bullishness can be seen only above 1.5500. GBP/USD has made a high of 1.55067 and slightly decline from that level. It is currently trading at 1.5489. The break above 1.5500 will take the pair further to new level around 1.5550/1.55600. On the downside any break below 1.54800 will drag the...
Harmonic pattern formed- Bearish BAT pattern Potential Reversal Zone (PRZ)- 1.1300 EUR/USD is trading in narrow range around 1.1320 and 1.13870 for the past two trading session. The pair’s major support is around 1.1300 and any break below targets 1.1260/1.1200. On the higher side major resistance is around 1.1400 and any indicative break above take the pair...
EUR/JPY is facing major trend line support around 135.50 (trend line joining 134.79 and 134.95) and weakness can be seen only below this level. Any break below 135.50 will drag the pair till 135.25/134.80. On the higher side major resistance is around 136.40 and break will take the pair to next target 137. It is good to buy at dips 135.55-60 with SL around...
Gold Target 1 achieved @ $1163 .Book full profit
Candle stick pattern –Shooting star GBP/JPY has made a high of 185.60 and started to retreat from that level. The pair is struggling to close above 185.30 (200 day MA) and is currently trading around 184.59. It has also broken major trend line support around 184.75 and this confirms minor weakness a decline till 183.85/183.30 is possible . Further bullishness...