GEET28

GEET28 Updated 

USDJPY formed a rising wedge pattern on daily time frame chart and is now heading to test its lower trend line. It can be seen every time the pair edges up, it’s subsequent up move is restricted by upper trend line and its pushed back towards its lower trend line. At this juncture, the pair provides an opportunity to go short with First target placed near the...

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The NZDJPY pair has been moving in an ascending channel pattern since Aug 22nd. It can be seen the pair made a second attempt to surpass 70.116 handle, although failed to breach the upper trend line of the pattern. Failing to surpass the upper trend line second time in a row confirms the rising channel. Another supporting argument is RSI which is trading below 50...

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The NZDCAD pair has formed a ASCENDING TRIANGLE pattern in 4 hour chart. The pattern illustrates that highs are taking place at constant price whereas the lows are forming constantly higher than the previous. Further it can be notice the pair is attempting to form a head and shoulder pattern although it does not look highly accurate as it is a bit tilted. However,...

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An Inverted head and shoulder set up is seen on the XAUUSD pair’s 4 hour chart. The neckline of the pattern is formed around the 1510 handle. It can be noticed the pair is attempting to breach its neckline area which brings a good opportunity to capture the upside move in the pair. The upside in the pair is till the 1518 level which is also the target for the pair...

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A head and shoulder set up is seen on the CADCHF pair’s 4 hour chart. The pattern does not look extremely accurate but has all the essential elements. The pattern is yet to form its second shoulder which gives opportunity to capture the downward move until the neckline area. This will also the be considered as the first target for the pair at 0.7477-0.7475. Once...

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The USDTRY pair has formed a descending triangle pattern in 4 hour chart. The pattern illustrates that lows are taking place at constant price whereas the highs are forming constantly lower than the previous. It can be noticed that pair is moving in a downtrend and formation of the descending triangle validates the downside move in the pair as it is often...

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The GBPJPY pair had a substantial rise from 130 levels to 135 levels, making higher high from the past few sessions. On the contrary, the RSI indicator is making lower lows, signaling bearish divergence which also means a reversal might be in place. Moreover, the pair made a rising wedge channel indicating high lows are made than higher highs, often resulting in a...

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An Inverted head and shoulder set up is seen on the EURNZD pair’s 4 hour chart. The pattern does not look extremely accurate but has all the essential elements. The neckline of the pattern is formed around the 1.7350- 1.7380. It can be noticed the pair has breached the neckline area and when retested the pattern’s neckline is acting as a strong resistance for the...

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An Inverted head and shoulder set up is seen on the USDJPY pair’s DAILY chart. It can be noticed that pair has already taken support from the 107.32 level in order to form the second shoulder of the pattern. Placing trade at this juncture will gives opportunity to capture the upward move until the neckline area. This will also the be considered as the first target...

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An Inverted head and shoulder set up is seen on the CHFJPY pair’s 4 hour chart. The pattern is yet to form its second shoulder which gives opportunity to capture the upward move until the neckline area. This will also the be considered as the first target for the pair at 109.15-109.20. Once the second should is formed completely the next target will be 109.900....

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CADCHF pair has formed a descending triangle pattern in 4 hour chart. The pattern illustrates that lows are taking place at constant price whereas the highs are forming constantly lower than the previous. It can be noticed that pair is moving in a downtrend and formation of the descending triangle validates the downside move in the pair as it is often considered...

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Rising channel Pattern in EURAUD, trading above the immediate support level. Good opportunity to place a buy position with first target set at 0.63403 and second target at 0.67535. Stop loss for the pair is placed at 0.58365.

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CADCHF pair is moving in a falling channel pattern, it can be noticed the pair took turn from its resistance so it presents a good sell opportunity for traders. The first target for the pair is set at 0.74203 and second at 0.73055. Nearest SL for the pair is kept at 0.76395.

GEET28 Updated 

The pair is forming an Inverted head and shoulder pattern, it can be noticed the pair is yet to complete its second shoulder. It is a good buy opportunity with 1st target set at the completion of second shoulder price (108.645) which also turns out to be the neckline of the pattern. The nearest stop loss for the pair is at 107.912 level.

GEET28 Updated 

A head and shoulder pattern can be seen in the daily chart of GBPUSD pair, suggesting a good buy opportunity. First target for the pair set at 1.24368 which is also the length of the shoulder. Nearest SL for the pair is kept at 1.22526.

GEET28 Updated 

AUDCAD pair is forming an Inverted head and shoulder pattern, it can be noticed the pair is yet to complete its second shoulder. Enter the trade around the 0.68993 and the 1st target is set at the completion of second shoulder price (0.90380) which also turns out to be the neckline of the pattern. The second target is set at 0.90945 level which is equivalent to...

GEET28 Updated 

Rising channel Pattern in CADCHF, trading just below the resistance level. Good opportunity to place a sell position with first target set at 0.74389 and second target at 0.74195. Stop loss for the pair is placed at 0.74880.

GEET28 Updated 

The EURUSD pair has been moving in a falling channel and every time the pair touch the support level it is pulled back up to the resistance. It seems to be a good opportunity to place buy position around the support area. First take profit for the pair is kept at 1.10810 and TP2 at 1.11715. In case of follow through selling the nearest stop loss for the pair will...