The counter bounced off from the lows yesterday. However it was unable to take down the critical resistance at 0.97932. Hence, we expect the retreat to the lows for the day.
The counter consolidated in the past month in an ascending triangle formation. It has now broken and the trade war fears is also set to fuel its rally. Hence, we expect it to be bullish and soar to the highs of 1516.157.
The counter has topped out in the near term. After a short correction, it formed a descending triangle pattern and made a bearish breakout. Hence, it indicates further correction is possible in the counter and so we expect it to be bearish in the near-term.
The zone of 0.67400-500, has proved to be a tough nut. Amid testing thrice, the counter was not able to go past it. Now, it has crossed the critical resistance of 0.67286. Hence, we expect a short-term correction in the counter to the level of 0.68593.
The counter was in a flag formation. However,it made a bullish breakout and crossed the critical resistance of 1.47126. Hence, we expect the pair to head higher from here.
The counter formed an inverse cup and handle and broke out in the past week. The weekly close below the pattern validates it as well. And we expect the counter to flush it down, with or without a correction.
Crude Oil has crossed a critical support level at 55.86 It has currently testing the broken support Hence we expect the pair to be bearish and move down side.
The counter is currently in a strong downtrend, making lower-low lower-high. Now it has made a new low by breaking the support of 1.09636. It has tested the broken support and validated it in the shorter time-frames. Hence, we expect the counter to be bearish from here on.
The counter is in a long-term bearish cycle. It made a break down of the critical support of 108 and consolidated in the form of a bearish flag pattern, which is the wave 4. Now it has made a bearish breakout and commenced the wave 5. Also, the 25 bps cut is set to weigh down the price in the near term. Hence, we expect to continue its bearish movement and...
The current price zone (as marked in the chart) is a critical price action level. It has acted as a significant support as well as resistance in the past. Now the counter has broken below, tested it and converted it to a resistance. Hence, we expect the counter to head lower to the next support of 70.642
The counter made a parabolic rally from the lows. It overrun, exhausted and is now letting go of the fatty gains. It has also formed a lower-low lower-high formation. Further, the economic uncertainty around the European Union and their policy is set to favor the bears. Hence, we expect the pair to be bearish in the near-term.
The counter is in a strong bearish trend making lower lows continuously. The recent pullback has been sold into with the help of a trendline. Also, the upbeat GDP data from Canada is set to add woes. Hence, we expect the pair to move lower from here.
The counter is currently in a descending channel formation. It hit the supportive trendline and bounced from the lows. Also, it has broken a near-term resistive trendline. Hence, we expect it to move to its long term resistive trendline for now.
The counter has formed a bullish diamond pattern. The FOMC is widely expected to make a 25 bps cut and so there could short covering before the news. Hence, we expect the counter to be bullish in the short-term.
The counter is pricing in a hard brexit. Hence, it is set to make an inverse parabolic move. Traders can go short taking cue from the trendline we indicated in the chart.
The counter made a V-shaped recovery after hitting the lows. However, the recovery was capped by the resistance of 0.69474 and resulted in a double top formation. Now, it broke the support of 0.68577, which turned the MACD indicator bearish. Hence, we expect the counter to be bearish from here.
As the new PM too charge, the signs of a hard brexit is conspicuous. And so the pair formed a symmetrical triangle and broke out. Hence, we expect the counter to be bearish and move down from here.
The counter formed a falling wedge pattern and has made a bullish breakout. It is now testing its broken trendline and can take support from here. Hence, we expect the pair to move to the resistance level of 1.12803.