Price has broken out from falling wedge pattern. Price seems poised to retest the upper bound of falling wedge before break out from immediate resistance denoted by horizontal line. If break successfully breaks this resistance then it may be good a good opportunity to go long.
Ethereum has broken out of triangle pattern after forming bullish divergence on RSI scale. We may see retracement to the recent resistance cum support zone and then resumption of bullish trend.
Century Paper Mills is on a roller coaster ride capitalizing on the overall bullish sentiment prevailing in Pakistan Stock Exchange. Price action suggest another bull run from support zone marked by recent swing low.
GBPCHF is likely to break out from descending triangle chart pattern. A bullish divergence on RSI scale further adds confluence to possible bullish move. Price has spent considerable time with in this narrow range which suggests energy accumulation is taking place for bullish impulse.
AUDUSD has decisively broken through falling trendline in 15m tf after forming bullish divergence. The pair is testing a key support cum resistance level. A break above this level will confirm resumption of bullish trend.
GBPAUD had a bull run before retracement to fib level between 61.8 to 78.6 percent. Price showed aggressive reaction off this zone and seems to be completing corrective phase with in triangle pattern. Bullish break out from triangle is very much likely.
Crude oil seems destined for bullish break out from descending triangle. The momentum of bearish move has declined and we are seeing accumulation with in triangle for a possible bullish impulse.
GBPCHF completed an impulsive wave followed by corrective wave with in bullish flag pattern. Price has broken out of the parallel channel of flag pattern. It is likely to test the immediate support layer and then continue with the bull run.
EURGBP seems to have made triple top with in ascending triangle. We can also see a clear bearish divergence on RSI scale. The scenario suggests the pair is all ready to take a dive from triple top formation.
AUDJPY had a momentum driven break out from falling wedge pattern which means tendency is bullish till ascending trendline is respected by the price action. Bank of Japan as been pursuing loose monetary policy and until we see a policy shift, JPY will keep breaking resistance against major currencies.
Natural gas seems to have completed pull back. Price as broken past the descending trendline and now has climbed above recent support turned resistance layer. Awesome oscillator has too crossed over to bullish zone and we also see hidden divergence of Awesome Oscillator.
Crude oil has broken past support level in short term 15min tf and Awesome Oscillator has also crossed over into bearish zone. Further bearish move is expected after retest of previous support layer.
USDCHF completed a pull back to 61.8 percent of bearish impulsive move and faced aggressive rejection from there. Price seems to have broken down from head and shoulders pattern to resume a long term bearish trend.
AUDUSD seems to have completed a bullish crab pattern on daily TF. We can expect aggressive bullish rally off the support base of crab pattern. We have already seen price breaking above a recent sideways range. Now price seems to be pulling back to retest the support base and then is expected to continue with the bull run.
GBPCHF has broken out of falling wedge pattern and climbed over bearish super trend range as well. We can expect it to go bullish now.
Natural gas seems to be in the process of forming double top on daily TF. The volatility is high and we can clearly spot bearish divergence on RSI graph. This suggests we may see retracement up to key support zone.
EURGBP seems to ae swept buy side liquidity with in rising wedge pattern. Price broke down from rising wedge, retested the lower bound of pattern and then broke down again to resume bearish move. Bearish trend is expected to continue in coming days.
EURUSD as formed double bottom exactly after retracing 61.8% from top of bullish impulse. It has also broken through descending trendline suggesting continuation of bullish trend in short term.