Harmonic pattern formed: Bearish Butterfly pattern Potential Reversal Zone (PRZ)-122.60 USD/JPY has recovered till 120.65 after making a low of 119.71 yesterday. It is currently trading at 120.49. Short term trend is still bullish as long as support 119.60 holds and break below drag the pair further down till 119/118.60. On the higher side short term...
Harmonic Pattern formed:Bullish cypher pattern Potential reversal Zone (PRZ)- 1.1460 EUR/USD has declined till 1.1180 after making a high of 1.1459 on Friday. It is currently trading around 1.1200 Any further weakness can be seen only below 1.11460. The pair's minor resistance is around 1.1250 and any break above would extend gains till 1.130/1.1340. On the...
Harmonic Pattern – Bearish BAT Pattern Potential reversal Zone (PRZ) - $15.50. The commodity has recovered till $15.41 after making a low of $14.24. Overall trend is till weak as long as resistance $15.50 holds. On the higher side any break above $15.50 will take the pair to next target till $16/$16.45. The commodity minor support is around $14.80 and nay...
USD/CHF has recovered after making a low of 0.9526. It is currently trading at 0.9680. Intraday trend is still weak as long as trend resistance 0.9725 holds. Any break above 0.9725 will take the pair to next level to 0.9750/0.9800. On the lower side minor support is around 0.9645 and break below will drag the pair further down till 0.9595/0.9545. It is good to...
USD/JPY breaks short term trend line resistance 120 (trend line joining 120397 and 120.14) and a slight jump till 120.95 is possible. Further trend reversal only above 121.30. Any break above 121.30 will take the pair to next target 121.70/122. Intraday weakness can be seen only below 119.60 and break below drag the pair further down till 119/118.60. It is...
Harmonic pattern formed- Bullish gartley pattern Potential reversal Zone (PRZ)- 85.20 The pair has made a high of 86.88 on Friday and started to retreat from that level. Overall trend is still bullish as long as support 85 holds. On the downside any break below 85 will drag the pair further down till 84/83.35. The pair’s short term resistance is around 86.31...
Harmonic Pattern Formed- Bullish BAT Pattern Potential Reversal Zone (PRZ)- 187.50. GBP/JPY has retreated after making a high of 188.28. It is currently trading at 186.12. Short term trend is bearish as long as resistance 187.50 holds. On the higher side any break above will target 188/188.25. The pair's short term support is around 185.80 and any break below...
Harmonic Pattern formed:Bullish cypher pattern Potential reversal Zone (PRZ)- 1.1460 EUR/USD has declined after making a high of 1.1459 on Friday. Overall trend is still weak as long as resistance 1.1460 holds. Any further bullishness can be seen only above that level. The pair's minor resistance is around 1.1340 and any break above would extend gains till...
USD/JPY target 1 achieved @119.80. Book full profit
Loonie breaks major support 1.3050 , a decline till 1.2955 cannot be ruled out . on the higher side minor resistance is around 1.3090 and any break above will take the pair till 1.3130/13180. Short term bullishness only above 1.3185. it is good to sell on rallies around 1.3040-45 with SL around 1.3090 for the TP of 1.2960
Low risk traders Book profit in EURUSD long at 1.1450
Harmonic pattern formed- Bullish Gartley pattern Potential Reversal Zone (PRZ) -119.15 The pair has retreated after making a high of 120.98 yesterday. It’s major support is around 118.60 (Sep 4th low) and any further weakness only below that level. Break below 118.60 will drag the pair further down till 118.20/117.90. The intraday minor resistance is around...
USD/JPY target almost achieved @ 119.17. Book full profits
Low risk traders book profit in USD/JPY short @119.40
GBP/JPY has made a high of 188.27 yesterday and retreated from that level. It is currently trading at 186.56. Intraday major support is around 186.40 (trend line joining 184.24 and 186.21) and any break below will drag the pair further down till 185.60/185 in short term. On the higher side minor resistance is around 187.10 and any break above would extend gains...
USD/JPY has retreated till 119.69 after Fed maintains status quo. Overall trend is weak as long as resistance 121 holds. The pair's intraday resistance is around 120.50 and any break above confirms intraday bullishness , a jump till 121 cannot be ruled out. On the downside major support is around 119.50 and break below targets 119.15/118.80. It is good to sell...
Low risk traders book profit USD/JPY Short @ 120.30.
USD/CHF has broken major support 0.9650 and a decline till 0.9595/0.9560 cannot be ruled out . Intraday bullishness only above 0.9685 and any break targets 0.9725/0.9750.The minor resistance is around 0.9660 Bearish invalidation only above 0.9770. it is good to sell on rallies around 0.9620-25 with SL around 0.9660 for the TP of 0.9560.