AUD/USD has formed a double bottom around 0.6980 and slightly recovered from that level. Overall trend is still weak as long as resistance 0.7062 holds. On the higher side any break above 0.7062 would extend gains till 0.7125/0.7152 in short term. The pair’s major support is around 0.6980 and any break below targets 0.6925/0.6895. It is good to sell on rallies...
Harmonic pattern- Bullish Gartley pattern Potential reversal Zone (PRZ)- 1.1200 EURUSD has formed bullish gartley pattern in hourly chart and it is good to buy at dips . On the higher side pair’s major resistance is around 1.1340 and any break above would extend gains till 1.1370/1.14360 in short term. The pair’s major support is around 1.1200 and any break...
USD/CHF is facing trend line resistance around 0.9700 (trend line 0.9670 and 0.96890) and any break above confirms bullishness , a jump till 0.9764/0.9800 cannot be ruled out . on the downside minor support is around 0.9680 and any break below will drag the pair till 0.9640/0.9595. Short term bullish invalidation only below 0.9640. It is good to buy only above...
Low risk traders book profit in USD/JPY @ 120.50
GBP/AUD has recovered till 2.190 after making a low of 2.1390 and is currently trading at 2.178. The pair’s minor resistance is around 2.190 and any break above would extend gains till 2.2200/2.2370. The pair’s minor support is around 2.1400 (trend line joining 2.0870 and 2.110) and break below targets 2.100/2.0850. Overall bullish invalidation only below...
GBP/JPY has recovered after making a low of 182.45 and is currently trading at 184.03. Intraday trend is bullish as long as support 183.50 holds. Any break below 183.50 will drag the pair further down till 183./182.45 in short term. On the higher side pair’s minor resistance is around 184.30 and break above would extend gains till 184.75/185.55/186.20. Bearish...
Harmonic pattern- Bullish Gartley pattern Potential reversal Zone (PRZ)- 1.1210 EURUSD has formed bullish gartley pattern in hourly chart and it is good to buy at dips . On the higher side pair’s major resistance is around 1.1340 and any break above would extend gains till 1.1370/1.14360 in short term. The pair’s major support is around 1.1200 and any break...
USD/JPY has recovered after making a low of 119.21 and is currently trading at 119.96. The pair’s major intraday resistance is around 120.60 (Support turned into resistance and also 200 day HMA). It has formed double bottom around 119.20 and any further weakness only below 119.20. Yen rallied against all major currencies due to sell off in global equities. Any...
USD/JPY target achieved at 119.60. Book full profit
EUR/USD Breaks short term resistance 1.13085 (28 th high) which confirms short term bullishness, a jump till 1.1370/1.1430 is possible . On the downside minor support is around 1.12500 and any weakness only below that level. it is good to buy at dips around 1.13050-1.13090 with SL around 1.1250 for the TP of 1.1370/1.1430
GBPJPY target 1 achieved at 185. Book partial profits
USD/JPY breaks short term support 120.50 which confirms short term weakness, a decline till 119.56 cannot be ruled out . Intraday major resistance is around 121. Any slight bullishness can be seen only above 121 level. Overall bearish invalidation only above 121.75. It is good to sell on rallies around 120.45-50 with SL around 121 for the TP of 119.60
GBP/JPY made a high of 187.48 on Aug 28th and has started to decline from that level. Short term trend is still weak as long as resistance 186.50 holds. Any break above 186.50 will take the pair to next target around 187.50/187.80. Overall Bearish invalidation only above 190. On the downside minor support is around 185.35 and break below will drag the pair...
Aussie is facing trend line resistance around 0.7170 and any break above would extend gains till 0.7250/0.7300. On the downside minor support is around 0.7080 and break below targets 0.7030/0.7000. It is good to buy only above 0.7170 with SL around 0.7125 for the TP of 0.7248/0.7295
Low risk traders book profit in EUR/USD long at 1.12670.Others hold with Stop around 1.1240.
Loonie breaks minor trend line support 1.3150 which confirms short term weakness, a decline till 1.3000/1.2950 cannot be ruled out . On the downside major support is around 1.3050 and any break below 1.3050 will drag the pair further down till 1.2950 in short term. The pair has formed temporary top around 1.3325 and declined from that level. Any further...
EUR/USD has taken support near 1.11430 (200 day4H EMA) and recovered from that level till 1.12613. Overall trend is still bullish as long as support 1.1430 holds. Any break below 1.11430 will drag the pair further down till 1.1060/1.1000. Overall bullish invalidation only below 1.1000. The pair’s minor resistance is around 1.1240 and break above will extend...
Potential Reversal Zone( PRZ)- 1.3150 Loonie has made a high of 1.3352 on Tuesday and declined till 1.3166 from that level. It is currently trading at 1.3240. It has almost formed a double top around 1.335 and not able to cross above that level. Any break above 1.3350 will take the pair to new level 1.3880. The pair’s minor resistance is around 1.3300 On the...