The counter has confined its price action to a range of 1.11078-1.10640. It is awaiting cues from the Jackson Hole symposium to make a decisive move. However, we expect a bearish move in the counter if it breaks the support of 1.10640. The break could propel the pair to the support of 1.10267.
The counter broke a critical short-term support level of 17.08874. It then pulled back and tested it as well, validating the break. Hence, we expect the counter to be bearish for the day and retreat to the support level of 16.86499.
After a knee-jerk reaction to the news of Tori MPs trying to hack the Brexit process, the counter has stabilized now. It formed higher-high higher-low formation and subsequently broke a critical resistance. Hence, we expect the pair to be bullish for the near-term.
The counter has broken its near-term trendline. The RSI indicator has also crossed from its oversold zone. Hence, we expect the bullion metal to head to the resistance of 1520.714.
The counter has made a bullish breakout from its range bound movement 0.96800-0.97800. It is hovering around its broken resistance for now. Further, it is well above its 200-HMA. Hence, we expect the pair to trade with bullish bias in the near term.
The counter has formed a head and shoulder in the short-term charts. Also, it is formed at a strong resistance zone. It has now broken the neckline and is just consolidating below it. Hence we expect the pair to be bearish in the near-term and reach the support of 1.31964.
The counter has overextended its bull run. Now it has formed a lower low formation. Hence, we expect the counter to be bearish in the near term.
The counter has formed a descending triangle pattern, which is set to initiate a bearish trend. The dovish statement from ECB is also set to support a plunge. Hence we expect the pair to be bearish in the near-term.
The AUD/CAD pair has made a bullish break out from an asymmetrical triangle formation. It has also breached the strong resistance levels of 0.90039 which could now act as a support. Hence we expect the pair to be bullish Further from here.
Crude Oil has broken its trend line. The counter has also broken its key support level of 55.35. It is currently retesting its broken support level. Hence we expect the pair to head south from here.
The counter has formed a dragon pattern at the lows. Further it made a higher-high higher-low pattern and bounced from the lows. Hence, we expect the pair to move to the resistance levels of 130.052 and 130.999 from here.
The counter formed a head and shoulder pattern and plunged initially. However, it recovered to the neckline and formed a wedge pattern. The resistance at the neckline proves that the downtrend is not over yet. Also, the pair has made a bearish breakout out of the wedge. Hence, we expect the pair to be bearish in the short-term.
The pair broke the long-term support of 0.65952. And it is currently hovering around it in the short-term. We expect the long-term trend to kick in now and nudge the pair down from here.
After a steep fall, the counter consolidated in a narrow range in the form of a descending triangle pattern. The pattern by itself indicates a bearish bias, and it was validated by a bearish breakout as well. Hence, we expect the counter to move further low from here.
EUR/GBP has made a bullish breakout from the ascending triangle formation. It is currently retracing to test the broken resistance. Hence we expect the pair to move bullish further from here.
NZD/CAD pair is currently in a downtrend after being broke out from an Expanding triangle. It is currently facing pullback & retesting the broken trend line. Hence, We expect the pair to be bearish further from here.
The counter has formed a head and shoulder pattern after an up move. It broke the neckline and is consolidating just below it. We expect the neckline to cap the upside move and nudge it down.
The counter is in a strong bearish trend making lower lows continuously. Now it has broken critical support of 1.09668 and is consolidating just below it. We expect the trendline and broken support to cap any upside rally and nudge it down from here.