The counter couldn’t maintain its steep upside momentum. Hence, it broke its ascending channel and is currently capped by the broken trendline. We expect this break to push the pair to the level of 0.87600.
The counter has ended its bear cycle here. It was overextended and at last confirmed with a bullish engulfing candle. We expect the pair to move up to the levels of 123.014.
The counter has formed an ascending channel formation. It is at its supportive trendline and formed a bullish cypher pattern as well. Also, the RSI indicator is lurking below the oversold zone. Hence, we expect the pair to take support and move to the resistive trendline.
The counter started off a short term bull cycle in crude oil. It has the last leg of the cycle (wave 5) due as indicated in the chart. It cooled off after hitting at 57.30 and consolidated for wave 4. Further, the market expects an upbeat inventory data which is due for release today. Hence, we expect the crude oil to move up to the levels of 57.50 and 57.80, and...
The counter has formed an inverted head and shoulder. It is hovering around the neckline ambush the bears. The uncertainty around Brexit fate is set to end sooner as the new Prime Minister is set to spearhead the talks with European Union. The market is looking at the positive side of the event. Hence, the overly poised negativity in the counter is set to ebb, in...
The resistance at 1.66350 proved to be a tough nut for the counter. Despite multiple attempts, it failed to cross it and now broke the support at 1.66082. Hence, we expect a sell-off in the counter.
The counter has formed a head and shoulder and broke out its neckline. Now, it is retracing to test the broken neckline. Hence, we expect the pair to be capped by the neckline and push it down.
The counter is in a descending channel formation. And the price has hit its supportive trendline. The RSI Indicator is lurking above the oversold zone. Hence, a bullish movement is on the cards and we advise the users to make use of it.
The long-lasted ascending channel has at last been broken by the bears. As the Tori MPs are selecting the Prime Minister, the market is bracing for a softer Brexit. Hence, we expect a bearish thrust in the counter flushing the price down.
The bears gave a respite to the bulls and let the counter cool-off for the past few days. The upside correction is the wave 4 of the bear cycle which is an abc correction. Now, the counter has formed a head and shoulder pattern indicating the commencement of wave 5. And hence we expect the pair to continue its bear cycle. However, if you do want a precise entry...
The counter was gaining traction to bullish side, lately. However, when the US jobless claims data hit the market, it took a dip. Now, it has shrugged off the negative vibes and climbing up expecting a positive set of numbers from Australia. Technically, it formed an inverse head and shoulder pattern and has broken the neckline. Hence, we expect the bullish...
The Canadian CPI data has missed its headline numbers by 60 bps. It piles to the negativity in the counter. Also, technically the pair is in a descending channel. It is capped by its resistive trendline and hence we expect the pair to head towards its supportive trendline for now.
The counter is range-bound in the short-term. It hit the lower end of the range and bounced off sharply. Hence, we expect the pair to move to the upper end of the range for now.
The counter spiked up from the bottom. However, the critical resistance at 0.91918 is capping the rally. The MACD indicator which was bullish is also ebbing. Hence, we expect the resistance to hold and flush down the pair to the lows.
The counter has broken its key support level of 1.78578. The strength in AUD futures is increasing as the market is factoring a good set of numbers next month. Hence, we expect the pair to fall further down from here.
The counter is in a long-term consolidation phase after a mammoth sell-off. Now, the pair is at its bottom end of the range and has formed a double bottom pattern in the 30-min chart. Hence, we expect the pair to move to the resistance level of 108.474.
The counter is due for a long-term correction which is bound to happen now. After consolidating in a tight range as a 3-wave abc pattern (long-term wave B), it has yielded a bearish breakout. So, the wave C, which is usually a 5-wave formation is set to follow. Also, the counter is currently testing the broken support and converting it to a resistance, which is a...