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A so called "The CUP & HANDLE" pattern has been formed on the Monthly Chart of the USDCAD Pair. As Cup and Handle pattern is considered as a Continuation Pattern, we might soon test the 1.4500 Level soon and if we're lucky we'd get to taste the highs of 1.6000 as well in the process. Stay tuned for more updates...
The Price is now moving in a Symmetrical Triangle since October, 2018. It's more likely a continuation pattern in this scenario. There's a minor resistance at the 0.7714 Area and a Major Resistance at the 0.7813 Area.
This pair has been Consolidating in this Zone from the last 45 months or you could say 4.5 Years. This pair has been ranging in between approximately 600 Pips. The Price Broke the monthly Trendline in the mids of May-2017, but we didn't get enough bulls to push the price higher. At the Moment a clear break on the either side would decide the trend for this pair.
The EURUSD is forming and Inverted Head & Shoulder's Pattern on the 4 Hour Time Frame.
It is also creating a Higher High and a Higher Low.
We can also see that at the Beginning of November, the price bounced of the Strong Support Zone.
The Price is also holding on the 100 Day Moving Average.
Multiple Confirmations before entering a trade is must.
Coal India is Offering for Sale (OFS) its shares at 5% Discount on Retail. The Current Price is 275.85 and the Company is offering its shares at 266 (Floor Price) from 9:15 AM to 3:30 PM for 31st October and 1st November.
If we are able to get our hands on this share at a price of around 266 area, it would be in our Buy Zone of the Symmetrical Triangle. We could...
AUD/USD Technical Analysis: Inverse head-and-shoulders breakout above 0.71 mark on the 4H Chart could confirm the Price to Further Move toward s the 0.7150/0.7200 Area. At the Present time, the S&P 500 futures are reporting a 0.55 percent gain. Which makes it more likely to Break the Neckline of this Pattern. 0.7161 is also the 1.168 Fibonacci extension area. The...
The Nifty 50 is currently approaching the Weekly Trend line. I suggest we should wait for a break or bounce of the trend line for further confirmation of the trend. If the trend line breaks, the nearest support will be the 10,000 psychological mark. And if we get a bounce it will test the nearest resistance of the 11,000 and probably will test the previous high of...
The share price of PTC Ltd has retraced to the monthly trend line and has shown signs of possible reversal on the trend line. The RSI and the Stochastic Indicators are also showing the price to be on oversold levels. The next resistance for this share is the 130 price range which is the previous high of 2017. The price did also revert at this resistance zone...
In the Last 8 Days the S&P 500 broke the Daily and the Weekly Resistance and also the Daily Resistance Trendline of the Symmetrical Triangle. The Price aslo made a retest of the new found support on the trendline. Now let's see how the price action plays out. If it plays out accordingly, we are soon going to witness the price testing the highs of February 2018.
The EURGBP Pair, the price has retraced at 0.618 Fib from the Previous Impulse. Now at the second impulse, the price has again retraced at the 0.618 Fib and which is also the current Monthly Support of this Pair. And more confirmation comes from the price bouncing off the ascending trendline.
The EURJPY Pair has reached the 1H Descending Trendiline and now it is acting as a Strong Resistance. Thus we entered this trade Short. The Stop Loss is set a few pips away from the Resistance Zone and the Take Profit is just above the Daily Support.
The Nifty 50 Price Index has already formed the Left Shoulder and the Head completely. Now to confirm this patter just wait for the price to form and complete the Right Shoulder as well. If this pattern fully completes, then there will be a huge sell off in the market and the 9000 price mark might be tested thereafter. The price did also break the Trendline and...
On the 4 Hour Chart the Price broke the Symmetrical Triangle and closed above the Daily trend line which is also a Symmetrical Triangle on the Daily Time Frame. Now the price may retest the new found support and continue the Rally or it may takeoff to find a new resistance and also might break the previous high of 19891 which was created on 17th December,...
Not only on the 4 Hour Chart but also on the Daily Time Frame the price did manage to break and close above the Symmetrical triangle. Just all we need is a confirmation that it is not a false breakout. Before entering long 1)You could wait for the price to retest the Support or else 2) You can join the rally and keep a bigger SL. This is the most traded...
For all the swing traders out there who tend to keep their trades for a long period of time, keep a note that the previous resistance is now acting like a support as we can see that the support was broken on September 2014 and then the price retested it several times From May to November 2016. But failed to break the new found support. On the long term perspective...
The Head and Shoulder's Pattern started forming on the Dollar Index from the Beginning of October 2017 to the End of December 2017. It break out of the Neckline and retested it on the Mid of January 2018 and fell sharply thereafter. The Dollar consolidated in the Mid of January 2018 in the price range of 91.00 - 90.10 but the consolidation did not remain much long...
