Cable has broken major support 1.5200 and declined till 1.5135 on Friday. It is currently trading at 1.5203. Short term trend is still weak as long as resistance 1.5250 holds. Any break above 1.5250 will take the pair to next target 1.5285/1.5335 in short term. On the downside minor support is around 1.5180 and any break below targets 1.5135/1.5050. It is...
USD/JPY faces major resistance around 121.20 (200 day 4HMA) and any break above will take the pair to next target till 121.75/122. Intraday weakness only below 120.75. Any break below 120.75 will drag the pair further down till 120.35/120.15. It is good to buy at dips around 121.10-15 with SL around 120.70 for the TP of 121.74/122
Harmonic pattern formed- Bearish Cypher pattern Potential Reversal Zone (PRZ)- $1160 Gold has recovered after making a low of $1121 on Tuesday. It is currently trading at $1136. Overall trend is weak as long as resistance $1160 holds. On the lower side minor support are around $1122 and any break below targets $1115/$1100. The minor resistance is at $1143 and...
Cable is trading between 1.5288 and 1.5200 for the past two trading session. Intraday trend is weak as long as resistance 1.5260 holds. The pair’s major support is around 1.5200 and any intraday weakness can be seen only below that level. Break below will drag the pair further down till 1.5160/1.5000. On the higher side minor resistance is around 1.5280 and...
Book profit and exit from USD/JPY long at 120.96
USD/CHF breaks major resistance 0.9820 which confirms short term bullishness , a jump till 0.9900 cannot be ruled out . On the downside minor support is around 0.9775 and intraday weakness can be seen only below that level. Below that it can reach till 0.9745/0.9700. It is good to buy around 0.9820-22 with SL around 0.9775 for the TP of 0.9860/0.9900
USD/JPY has broken minor trend line resistance around 120.45 (trend line joining 120.64 and 120.53) and is currently trading at 120.43. Intraday trend is bullish as long as resistance 120 holds. The minor resistance is around 120.65 and any break above targets 121/121.30. On the downside any break below 120 will drag the pair till 119.50/119.20. It is good to...
Aussie has recovered after making a low of 0.6938 and is currently trading at 0.7010. It is facing minor resistance at 0.7020 (trend line joining 0.7153 and 0.70425). Any break above 0.7020 will take the pair to next level to 0.7075/0.7100 in short term. On the downside minor support is around 0.6975 and any break below will drag the pair till...
EUR/USD has made a high of 1.12958 and retreated till 1.11597 from that level. It is currently trading around 1.11710. Overall trend is weak as long as resistance 1.1295 holds. On the downside major support is around 1.11500 and any break below 1.1150 will drag the pair further down till 1.1100/1.1085. The pair's minor resistance is around 1.11870 and any...
Harmonic Pattern formed- Bullish Cypher pattern Potential Reversal Zone (PRZ) -181.50. GBP/JPY has made a low of 181.61 and slightly recovered from that level. It is currently trading at 182.96. On the lower side major support is around 181.50 and any break below targets 180.80/180.35. The pair's minor resistance is around 183 and any break above would...
Low risk traders book profit in EUR/USD at 1.12850
Low risk traders book profit in USD/CAD at 1.3400.
EUR/USD target achieved at 1.1240. Book profit
Low risk traders book profit in GBP/JPY short @182.40
USD/JPY breaks minor trend line support around 119.80 and any break below confirms short term weakness ,a decline till 119 cannot be ruled out. Intraday bullishness can be seen only above 120.20 and any break above would extend gains till 120.65/121. On the downside major support is around 119.50 and break below targets 119/118.60. it is good to sell around...
AUD/USD Target 1 almost achieved @ 0.6945. Book partial Profits
GBP/AUD has broken short term trend line resistance around 2.1850 (trend line joining 2.2103 and 2.1866) and a jump till 2.200/2.2200 cannot be ruled out The pair’s minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pair’s major support is around 2.139 and break below targets 2.100/2.0885. The minor support is around...
EUR/USD has broken trend line resistance (trend line joining 1.13288 and 1.12132) and this confirms intraday bullishness , a jump till 1.1320 cannot be ruled out . On the lower side major support is around 1.1150 and any intraday weakness can be seen only below that level. Break below 1.1150will drag the pair further down till 1.1100/1.1085. The pair’s major...