EURJPY: Long Position Confirmation. In EURJPY daily time frame chart, an uptrend is ongoing. Market is recently tested the major structural support of 137.500. A Bullish Engulfing candlestick is shown after testing structural support. Bullish engulfing candlestick shows the entry of buyers in the market. Market is expected to remain Bullish for resistance levels...
Double Bottom spotted in US100. Market has already broken the neck line, and also broken the structural resistance. The breakout of structural resistance, indicates the starting of the new uptrend in the market. This uptrend can push the market to the resistance levels of 11400 and 11550 in upcoming sessions.
GBPCAD rejecting the resistance level of 1.67000. Sellers entered in the market with an aggressive approach, which shows the strength of the sellers in the market. It is expected, GBPCAD may test the support levels of 1.62100 and 1.60000.
We can see a downtrend structure in Crude Oil in Daily and 4H chart. It is expected that market may continue the same trend and price may test levels of 70.00$ per barrels. key resistance levels for crude oil will be 82.50$.
AUDJPY: Head And Shoulder Spotted. Head and Shoulder Pattern spotted in a daily time frame chart. Neckline support has already been broken. Market is Currently trading near the neckline and retesting the resistance. Market is expected to remain Bearish for few upcoming sessions. Market is expected to test the support level of 86.100. Major resistance is at the level of 95.
Alibaba:Spotted Inverted Head & Shoulder in 4H time frame chart. Downtrend structure has also broken. It started forming uptrend structure. After forming inverted head and shoulder, currently market is trading near support zone of 85$. A bullish movement is expected, upto the level of 106$. One may take the long position at current market price, market may test...
AUDUSD: Swing short selling trade. Market is in a downtrend in 4H time frame. Currently trading at a major structure resistance of 0.68781. Market is expected to move downside for few upcoming trading sessions. Market may test the support level of 0.68330 in upcoming trading sessions.
GBPAUD: Trading at Major Support. Market is currently trading near the major support of 1.74500. The major support level is a structural support. Most likely market is expected to reverse towards upside from this support zone. In upcoming sessions market is expected to be bullish. In bullish market, it may test the resistance levels of 1.82000. On lower side...
AUDNZD broke downtrend market structure in 4H Time frame. Now its a starting of a new uptrend. Market may test resistance levels of 1.08500 in upcoming sessions.
USDCHF: Upside push expected In USDCHF we can see a falling wedge pattern broke out with an impulsive movement. We can also spot a structure like Double bottom breakout in 4H time frame chart. All these things indicates an upward movement in upcoming sessions. Market is expected to move upside for the resistance levels of 0.94500 and 0.96000 in upcoming trading sessions.
SUNPHARMA : Downside push expected. On a daily time frame market has formed a Double Top pattern. After the breakout of the neckline, It is expected, market may push towards downside. In upcoming trading sessions, a downside movement is expected to the levels of 945. Resistance of 1035 still holds the market strong on higher side.
Hindustan Aeronautics Limited trading in an uptrend movement on a daily time frame. It took a support from Fibonacci Golden Reversal Zone, With a Bullish Engulfing Candlestick (bullish reversal candlestick). Which indicates the entry of major buyers in the stock and indicates the starting of a new primary trend. Market is expected to remain bullish for few...
COAL INDIA: Possible entry on long position. Stock trading in a uptrend structure in a daily time frame. Key Structure Support at the level of 208. After a secondary trend, stock has shown a bullish reversal candlestick pattern with a bullish engulfing candle. It can be a possible long entry. for the target of 260.
AIRTEL: Stock currently trading near structure support. In yesterday's trading session we have seen a liquidity spike, which managed to trigger most of the stop losses in the market. Now it is expected, market may test the levels of 860 in upcoming sessions. Major structural support is at 800, market may also test this level on downside.
AUDCAD shows bearish flag pattern. It may test the support levels of 0.90600 in upcoming sessions.
Double Top spotted in GBPAUD. Neckline of double top has already been broken. Now it is expected market may test levels of 1.78200 in upcoming sessions.
GBPCHF may continue downtrend. Market Structure in 2H time frame chart is downtrend structure, I am expecting it may push the market downside to the levels of 1.11650 and 1.10800 in upcoming sessions. We may see major resistance level at the level of 1.13000.
AUDCAD shows a short selling opportunity. Its a downtrend movement in AUDCAD, and currently trading near the resistance zone, it is expected market may test the support levels of 0.90400 in upcoming sessions.