GEET28

GEET28

Ascending triangle pattern can be seen in the daily chart of CADJPY pair, the pattern illustrates the highs are taking place at constant price whereas the lows are forming constantly higher than the previous. The pair touched its resistance but wasn't able to breach it which brings in a short term sell opportunity in the pair. The TP for the pair is set at 79.788...

GEET28

The EURCAD pair has been moving in a descending channel pattern since 6th August 2019. Every time the pair tries to breach the lower trend line it is pulled back to the upper trend line. It can be noticed the pair is about to test the lower trend line of the channel. Trader can enter the buy position at 1.46380 level with first target at 1.47068. In case of...

GEET28

Considering the technical aspect, a falling channel pattern can be seen in the 1 hour chart of Nifty 50 Index which indicates a move above the 11840 handle will lead to a bullish breakout of a pattern and can assist the pair to test the 11960 handle. On the contrary, failure to have a breakout will make the pair vulnerable to test the support pegged near 11650...

GEET28

Ascending channel pattern can be seen in the daily chart of USDCAD pair. The pair has been moving in this channel since 7TH SEPTEMBER 2017. It can be noted every time the pair edges lower its fails to breach the ascending trend line of the pattern. It is a good buy opportunity with first target placed at 1.35679 and second target near 1.37910. In case the buying...