GBP/CAD has taken support near trend line 2.023 (trend line joining 1.9480 and 2.002) and recovered from that level. It is currently trading around 2.0325. Canadian dollar is trading weak against all major pairs with sudden sell off in crude oil due to unexpected build up in US gasoline stocks and decreasing demand from China. Technically the pair is facing...
Aussie has made a high of 0.7064 on Tuesday and retreated from that level. It is currently trading at 0.6995. The pair’s minor resistance is around 0.7015 (trend line joining 0.7064 and 0.7023) and any break above targets 0.7037/0.7065. On the lower side minor support is around 0.6980 and break below will target 0.6940/0.6900 Bearish invalidation only above...
GBP/JPY breaks minor support 182.90 which confirms intraday weakness , decline till 182 cannot be ruled out . Intraday bullishness can be seen only above 183.65 and any break above will take the pair to next target 184.16. The pair's major support is around 182 break below targets 181.24/180.55. It is good to sell on rallies around 182.90-95 with SL around...
Candlestick Pattern- Hammer Cable has made a low of 1.5228 and slightly recovered from that level. It is currently trading at 1.52520 level. The pair also taken support around trend line (trend line joining 1.4568 and 1.5162). Intraday trend is slighty bullish as long as support 1.5220 holds.Any break below 1.5220 will drag the pair further down till 1.5160. On...
Loonie has broken major resistance 1.3350 which confirms short term bullishness and a jump till 1.3550 cannot be ruled out. It is currently trading at 1.3325. Short term weakness can be seen only below 1.3250. Any break below 1.3250 will drag the pair further down till 1.3185/1.3150. The pair's minor support is around 1.3280. It is good to buy at dips around...
Low risk traders book profit in GBPUSD at 1.5265
Low risk traders book profit in GBP/JPY at 183.45
EUR/USD has made a low of 1.1107 and slightly recovered from that level. It is currently trading at 1.1222. The pair’s major intraday resistance is around 1.11570 and any further bullishness can be seen only above that level. Any break above 1.11570 will take the pair to next level till 1.1185/1.1228/1.1239. On the downside minor support is around 1.1100 and...
BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 holds. The major resistance is around $235 and break above will take the pair to next target $250/$258. The pair’s minor support is around $220 and any break below will drag the...
USD/CHF has broken minor resistance 0.9765 and this confirms intraday bullishness , a jump till 0.9825 cannot be ruled out. On the downside intraday weakness can be seen only below 0.9725.Any break below 0.9725 targets 0.9680/0.9635. It is good to buy at dips around 0.9763-66 with SL around 0.9725 for the TP of 0.9825/0.9860
Cable has made a low of 1.5340 and slightly recovered till 1.53825. It is currently trading at 1.5336. The pair's major support is around 1.5280 and any break below confirms short term weakness , a decline till 1.5200/1.5160 cannot be ruled out. Intraday bullishness only above 1.5385. Any break above 1.5385 will take the pair to next target till...
Aussie has broken major support 0.7050 after weaker Chinese PMI data and this confirms short term weakness , a decline till 0.6940 cannot be ruled out . Intraday bullishness only above 0.7085 . Any break above 0.7085 will take the pair to next level at 0.70122/0.7148. on the downside minor support is around 0.7000 and break below targets 0.6940. It is good to...
GBP/JPY breaks major support 184.20 and this confirms short term weakness , a decline till 182 cannot be ruled out . Intraday bullishness only above 184.85. Any break above 184.85 will take the pair further till 185.40/186. On the minor support is around 183.28 and below that level will target 182. It is good to sell on rallies around 184-184.10 with SL around...
GBP/USD target achieved at 1.5350 .Book full profits
Harmonic pattern formed- Bearish Cypher pattern Potential Reversal Zone (PRZ)- $1160 Gold has made a high of $1141 and started to retreat from that level. It is currently trading at $1129. 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...
Cable breaks major support 1.5480 which confirms short term weakness, decline till 1.5400/1.5340 cannot be ruled out Intraday Bullishness only above 1.5530. It is good to sell on rallies 1.5470-75 with SL around 1.5530 for the TP of 1.5400/1.5345
Harmonic pattern formed: Bearish BAT pattern Potential Reversal Zone (PRZ)- 188 GBP/JPY has recovered till 187.33 after making a low of 185.92 yesterday. It is currently trading at 186.25. Short term trend is bearish as long as resistance 187.50 holds. Any break above 187.50 will take the pair to next level till 188. Overall trend reversal only above...
Book profit and exit from GBP/JPY short @196.15