rishililawat5

rishililawat5

EUR/CHF currently trading at 5 year low price, but in 1 hour time frame it is not forming any conform pattern. The price is hovering in the support and resistance wedges without making any particular chart formation. Now it may touch it support level at 1.0533 and then reverse back.

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Price trend of AUD/JPY is same as NZD/JPY, It has also entered support zone and trading at its 11 years low price. There is chances of reversal if price breaks the level of 65.54, then it may enter into a new up trend. If the price starts a new up trend then its closest target and resistance level will be at 68.74.

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NZD/JPY currently trading at 61.10, previously traded at this price in may 2012. It broke the support level at 62.86 to from a new down trend and touched its support zone. Currently trading at its 8 years low price, but there is a significant chances of reversal from this point. If it breaks the level of 62.55 then it is possible for the price to come in up trend,...

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The chart pattern is same as EUR/CAD, It is not forming any reliable trend and hovering in the resistance and support levels. Until it it breaks the support or resistance level, it is not possible for price to come in a particular trend.

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The Euro moved higher against its Canadian counterpart on Tuesday, as declining oil prices weighed on the commodity-related Canadian currency, although the pair is trading in the side ways direction and not forming any particular pattern. If it breaks the support or resistance level then it is possible that it may come in a particular trend.

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The USD/CAD rose further during the American session on the back of a stronger US dollar and a decline in crude oil prices. It climbed to 1.4275, level last seen back in January 2016. As the price climbs further we consider an upward target at 1.4430.

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The price has already started down trend and if it goes below 1.1269 level then it is possible that it will hit the 1st target at 1.1138.

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The GBP/JPY initially rallied during the trading session on Monday, but then plunged into the ¥130 level. This is an area of support zone but considering that markets are trading on technicals at this point, it’s about the global fear index. So as the price is trading in its support zone, If it breaches the small resistance level at 133.41. Then price may enter...

rishililawat5

EURJPY is bullish on the long-term outlook. EURJPY remain under the bullish momentum. The price bottomed at the support level of $116.64 on 12 March. The bearish momentum was unable to break down the support level of $116.64. Following the scenario is the formation of strong bullish candle on 16 march that pushed up the price towards the resistance level of...

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The pressure from the Fed rate cut moved USD/CHF in upward trend. Currently, the pair met resistance at 0.9608. If this level is breached, USD/CHF will have room to move above 0.9715. Currently trading at 0.9460 while writing, bounced back from its support level following upward trend.

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USD/JPY Making higher high lower low pattern moving towards 107.09 while writing, down 0.88% after the BOJ refrained from rate cut ahead of the European open on Monday. Still maintaining upward trend and possibly it will hit the resistance level at 111.09, If it doesn't break support.

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GBP/USD has gone down below 1.23, nearing a 600-pip fall from last week. Hovering in the support Zone and trading at the lowest levels since October 2019. There are chances of reversal if it breaks the resistance level at 1.2480 and then it may hit next resistance level at 1.2807.

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The price is hovering in the same range and there is no strong trend to follow. In this type of pattern there are a lot of chances of hitting stop losses.

rishililawat5

After reversing from resistance zone the price has broken support level and started a new down trend. It may hit 1st target at 1.5084.

rishililawat5

After breaking resistance level price has started a new up trend at 0.9385. It is possible to hit the near target at 0.9606.

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The over all trend is down but the price is consolidating in the same range from some time. It is possible that it will continue the same pattern for some time.

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After following the down trend price is about to hit support zone. After hitting support zone it is possible that it will reverse back.

rishililawat5

After moving in the down trend for some time price has touched the support zone and there are great chances of price reversal. If the price breaks 1.2887 level it may hit the 1st target at 1.2979.