GBPJPYGBPJPY is trading in smooth bullish channel and perfectly following Dow Theory by printing consistent HH and HL.
We are waiting for the price to print fresh HL which will be nice bullish attempt.
Beyondtechnicalanalysis
NZDCHFNZDCHF is trading in descending channel and perfectly following technical setup of break and retest of structure.
Currently the pair is retesting the previous broken support as a resistance.
Will the NZDCHF follow this pattern and head lower again?
EURGBPEURGBP is in fine bullish trend and respecting the bullish trendline.
As the price has retraced a bit after recent bullish move and now the pair is trading at support zone.
If this support is holds perfectly it will be nice option for bulls to make another leg up.
What you guys think of it?
EURJPYEURJPY has formed the bullish flag pattern. Currently the price is hovering around the channel and it seems like the price is ready to break the flag amid weaker JPY.
what you guys think about it ?
KNCUSDTKNCUSDT is trading in wider symmetrical triangle and currently forming a support at the inclining trendline of triangle.
If this support holds it will be a good buying option for bulls.
What you guys think of it ?
STMXUSDTSTMXUSDT was trading in symmetrical triangle and now has given the breakout from triangle.
If this breakout sustained , bulls can ride it to 0.8390 level , which almost 25% from local support area.
Will the bulls avail this opportunity and will get the minimum ride of 25% ?
USDJPYUSDJPY is trading at major resistance on the daily chart. From daily resistance zone price is showing some good bearish momentum seems like bears were waiting for price to be in this zone .
Will the bears attack strongly on this area and send price to lower side?
AUDUSDAUDUSD was in bearish trend from last few days and now has given the breakout from falling trendline with strong bullish divergence.
Currently the price is creating a support zone with some healthy green candles and it seems like bulls are getting ready to take control.
What you guys think of it ?
EURUSDEURUSD is trading in bearish expanding channel. As the price is heading lower the size of channel is expanding accordingly. currently the price has reached at very strong resistance area where the sellers show good strength in past.
this resistance area is also coincide with 38% Fib retracement, which is also a good confluence for sellers to attack.
GBPNZDGBPNZD is in enormous bullish trend and price is creating fresh HH and HL and maintaining over all bullish structure. Recently the price is broke the resistance zone and now retesting at 38% fib level.
Will the price continue to fly high ?
EURJPYEURJPY is trading ascending channel and reached at long term resistance area. Around resistance area price has started to show some seller strength as we can witness nice bearish candles.
Will the bears take control from this zone and send price to lower region.?
ZENUSDTZENUSDT is under strong sell pressure and break through important support zone with enormous sell pressure.
If the bears pressure is still on then bear's next target will be $8.
What you guys think of it ?
EURGBPEurgbp
Chance to hit 0.8600 zone very soon
Pair getting strength day by day and going Towards the resistance. Price was stuck in narrow range now breakout of narrow range giving more bullish indication
USDCADUSDCAD is been on fine bullish trend and has completed bearish bat pattern.
The completion of bearish bat is at strong resistance zone around 1.3460 region. In past bears took benefits from this level and put the price to even further down.
Will bears again attack this level?
USOILUSOIL is been on enormous bull run. And now reached to daily resistance zone.
In past bears took benefits from this level multiple time and turn the trajectory of commodity.
Like in past , this time it is also looks like bears were waiting for this level again, as it can be seen from the chart that bullish momentum being fade out.
more ever bearish divergence also suggesting a control of bears is starting now.
USDJPYUSDJPY is trading in bullish parallel channel and completed the AB=CD pattern within the channel. After pattern completion the pair is lacking bullish momentum starting to change its direction from bullish bearish and seems like bears are taking control. If the bears continue to took control , their next target will be 140.80 region followed by 140.
MAGICUSDTMAGICUSDT is showing some good bullish momentum. As the price is still under bearish trendline but it seems like the price is at verge of breakout. Currently the price is getting strong support from previous broken level. If price close successfully above 0.8230 level, which is the breakout of declining trendline, you can trade it with buy stop.
NZDCAD NZDCAD is trading in bearish trend and respecting well the bearish trendline.
Recently the price is retraced to 38% Fib, after bearish move.
Now it seems like the pair is getting ready for another selloff.
As it is showing good bearish signs from resistance area.
TRXUSDTTRXUSDT has completed AB=CD pattern and form support zone. Currently the support zone is being sustained with strong bullish divergence. but price is still below the long term declining trendline. If the price gives healthy closing above falling trendline, it will be a nice buying setup.
BCHUSDTBCHUSDT is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone. Now the price is with in the flag and seems like it getting ready to break it. Will the sellers took benefits from these bearish confluences?
NZDUSDNZDUSD is putting multiple bullish confluences. The pair has completed AB=CD pattern and now trading at strong support area around 0.6070 region. Previously bulls took charge from this level and made a ride of around 340 pips. Will the bulls took control from this level ?
EURGBPEURGBP smoothly playing the technical levels. Recently it break through range around 0.8590 region and now it retesting the broken level and still respecting the inclining trendline. Will the pair hold above the inclining trendline and buyers once again took benefit from these confluences?
