AUD/JPY is currently in a range-bound movement. It has taken resistance at its upper range end is on its way to its to lower range. Hence, we expect the pair to the lower end of the range Support 75.190.
The counter has formed a lower-low lower high formation, which signals the commencement of bearish trend. Also, the formation equates to a descending channel formation, in which it is on its way to supportive trendline. Further, the formation can be construed as a head and shoulder pattern and it is capped by resistance at 1.62434. Hence, we expect the pair to...
The counter is in a long-term downtrend. The current sideways movement is a consolidation for the long down haul. Further, it is being capped by confluence of resistances -- price action resistance and trendline. The MACD indicator has turned bearish as well. And the dovish policy of European Central Bank is also set to offer resistance. Hence, we expect the pair...
The counter is in a long-term bear cycle. And it is in its longest leg of the cycle -- wave 3. The sideways consolidation in the counter is a mere pause in the rally and we expect it to render a bearish breakout anytime soon. The MACD indicator has also turned bearish now. So, we expect the pair to move down from here.
The counter has reached its upper end of the sideways range. The fundamentals of CAD is so strong and we expect the BOC to assert the same in today’s meeting. Also, we expect the USD to trade with bearish bias post Fed President’s testimony. Hence, we expect the counter to move to the lower end of the range today.
The counter has formed an inverse head and shoulder pattern. It broke above its neckline and is currently hovering just above it. Hence, we expect the pair to surge upwards.
The counter has broken out of a bearish flag formation. Also, the MACD indicator has turned bearish. Hence, we expect the pair to move down from here.
The down channel has broken in the counter. Also, an inverse head and shoulder pattern formed as well in the process of testing the broken trendline. If you want to be a bull in the market, you can’t ask for more than this combo. The 50 bps rate cut bet is also off the table for now. So, we expect a bullish rally in the counter for now.
The counter was in a bearish flag formation. It made a double top formation on the resistive flag trend line. Also, the MACD indicator has turned negative. Hence, we expect the pair to move to the supportive trend line.
The counter couldn’t sustain the break above the critical resistance of 0.66690. It formed a double top pattern above the resistance signalling a topping out formation. The recent data suggests that the market has overrun and the threat of 50 bps rate cut has passed away, for the moment. Hence, we expect the pair to move down to the support level of 0.64865.
The counter is in a descending channel. It has pulled back to its resistive trendline where the price action is being rejected. Hence, we expect the pair to move to its supportive trendline from here.
The counter has made a lower high, lower low formation. It can result in a deep correction in the counter. Hence, we expect the pair to move lower from here.
The counter has formed a head and shoulder pattern in the 15-min chart. It indicates a near-term bottoming out and signals a reversal. Further, the MACD indicator has turned bullish as well. Hence, we expect the pair to race higher from here.
The trade optimism that paved the AUD rally has withered and the interest rate decision has come to limelight. So, the counter formed a head and shoulder signalling a short-term topping out. It has broken the neckline as well and is hovering just below it. Hence, we expect the pair to move down from here.
Crude oil ended its near-term bull cycle at the highs of $60. It completed it 5-waves and also its wave a and b in the corrective structure. Now the wave c which was on the cards has come to play with the formation of evening star pattern at the critical resistance. Hence, we expect the oil counter to move down to the mark of 57.08.
The counter is in a strong bearish trend making lower highs and lower lows consistently. The recent surge in the counter can be attributed to a bearish flag pattern. Now, the counter is in a confluence of resistance points - flag and trendline resistance. Also, the RSI indicator lurking below the overbought zone. Hence, we expect the pair to move down from here.
The counter is in an ascending channel formation. The pair reached its supportive trendline and then bounced back with a pin bar and follow through the bullish candle. Hence, we expect the pair to be bullish and reach the resistive trendline for now.
The US President has managed to bring the Chinese deal makers once again to the table and it is set to make a positive impact on the dollar. Further, the pair is in an ascending channel formation and it hit its resistance mark at the resistive trendline. Now, the pair broke the critical support of 1.13487 and made lower low formation, which could make the bulls to...