HNS breakdown in Dollar Index.
Head and Shoulder break down in Dollar Index.
Confluence of intersecting trend line and Ichimoku cloud resistance!
Bullish Hidden Divergence amid intact up trend. Roll reversal of down sloping trend line which earlier acted as resistance, now becomes support.
Inverse Head and Shoulder Breakout in Dollar Index along with Bullish Flag formation amid Rising Channel.
Head and Shoulder break down in EURUSD along with Bearish Flag formation amid Downward Sloping channel.
USDJPY has formed a 'Hammer' candlestick pattern near multiple support zone of 108.60. Momentum indicator RSI shows a bullish hidden divergence in the pair. The pair is expected witness a bounce till 111 levels from here on. Thus, a long entry can be made taken here with stop loss of 108.50 for the target of 111.
Nifty is currently trading near multiple resistance zone which consist of Upper band of rising channel, 100% extension of its previous rally from recent bottom, Broadening pattern formation near multi pivot zone. Now, that we know the index has got good probability to nose dive lets find out target for the same. First support falls around 9280 levels which is...
USDJPY forms a doji candlestick pattern near crucial trend line support.
GBPUSD faces stiff resistance near its upper band of the rectangular range. RSI exhibits bearish hidden divergence in the pair indicating a temporary fall in the pair.
DXY has formed a Doji candlestick pattern near its crucial support zone which stays between 92 and 93 levels. The index fails to give a weekly close below 93 levels indicating bears are now more dominating as earlier. RSI exhibits bullish hidden divergence indicating a bounce in the index.
Shooting star formation near confluence of upper band of rising channel and 127% Fib extension all the three factors along with an overbought RSI indicates a correction may be seen in the pair.
Ichimoku cloud resistance 61.8% Fibonacci resistance Upper band of channel acting as resistance
Index finds support near line of maximum excursion RSI indicates positive divergence in trend Prices are hovering near 61.8% Fibonacci level Thus, a bounce is expected in the index which is expected to last till Ichimoku cloud resistance.
Bull structure in IDBI 61.8% Fib support Channel support Ichimoku cloud support Bull candle at support