KeytoMarkets

KeytoMarkets

Resistance gradually coming down. Tad above lower end of the ascending channel. Lower low and lower high pattern visible. A move below the channel needed to re-test the pivotal 50-49.90. RSI remain bearish but oscillator turns bullish. Worth to watch

KeytoMarkets Updated 

It has erased the 7-month descending trend line. Erased the 2.5 month trendline as well. Trading above 50DMA. Until remains above 17.80, bullish trend extends to 18.30 initially. Propel above 18.40 further extend to 19

KeytoMarkets

Trading at the higher end of the rectangle (100 pips) If propel above 1.6250 aims at 1.63. further strength looms above 1.63 to 1.6350 and 1.6400 A move below 1.6160 needed to retrace further. UK GDP in focus.

KeytoMarkets

Trading at the higher end of the rectangle (100pips) propel above 1.6250> extend to 1.63. Strong upswing looms abv 1.63 to 1.6350 and 1.64 A move below 1.6160 needed to retrace further. UK GDP data in focus.

KeytoMarkets

Consolidating in a narrow range. Spotted with an inverse H&S pattern. A breakout above 1.4880/1.4900 opens up to 1.4960 and 1.5000 in the near term. Further extension possible if the neckline taken out, in this case, 1.5090 and 1.5200 are possible. Shoulders seem at 1.4725. Fails to hold the 100DEMA, further retracement expected to 1.4650 and 1.4610.

KeytoMarkets

It has support levels finds between 0.9090 and 0.9080. A move below 0.9080 needed to retrace further to 0.9040 and 0.9000. Spotted with a bearish H&S pattern on the daily chart.

KeytoMarkets

Inverse H&S pattern on M15.

KeytoMarkets

Likely to re-test 1281-1280 below this 1275/1273 possible

KeytoMarkets

Raising the odds of a triple top. 1267 and 1250 are the key supports. Yellen and Draghi’s speeches at Jackson Hole Symposium are the key drivers.

KeytoMarkets

As we see the H4 chart, Symmetrical triangle, Descending wedge, LL and LH and Bearish H&S pattern. We believe it has a potential to re-test to 38.2% and 50.0% We have previously advised that price action appears bearish and retain to the same strategy.

KeytoMarkets

A move below 12084 needed to re-test the 12000-11950. Further retracement expected if 200MAs taken out. In this case 11900 and 11850 possible.

KeytoMarkets

Support zone remains between 50-49.90 below this 49.60/49.50 exists. Resistance seems between 51.60 and 52.00 Erased the falling channel. The price action likely to consolidate between 49.90-52 before providing a breakdown or breakout. Worth watching.

KeytoMarkets

Bulls can feel comfortable only after crossing 80.60. In this case 81/81.10 is the initial reaction. Lasting joy later on brings if settles above 81.10 for 81.50/81.60.

KeytoMarkets

Another breakout on cards. 950$ is the crucial key resistance level

KeytoMarkets

It has a potential support finds around 1.2650 below this 1.2600 exists.

KeytoMarkets Updated 

Spotted with a bullish H&S pattern. Trading near neckline but facing resistance @50dma 86.50 In case of a breakout 860/87 expected initially.

KeytoMarkets

Support finds at 1.2875 and 1.2850 below this 1.2800 exists

KeytoMarkets Updated 

Inverse H&S pattern spotted on the H1 chart. Aiming at 110.30 and 110.50