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marazzaq62

Brent oil seems to be in the process of playing harmonic gartley pattern. Price is expected to rebound from potential reversal zone. This zone has been high volume zone in the past which adds confluence to the reversal pattern.

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TESLA has formed bullish divergence on MACD. Price action is contained with in symmetrical triangle pattern. Long positions may be considered if price breaks out of triangle.

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EURGBP has formed bullish divergence on MACD scale and also seems to be completing a bullish crab pattern. Price is expected to rebound from Potential Reversal Zone marked in rectangle.

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Brent oil seems to be forming a bull flag. MACD line in positive territory also suggests bullish tendency may remain intact. Long positions may be considered once breakout occurs from bull flag.

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AUDNZD had a powerful volume driven breakout from triangle pattern amidst rate cut of central bank of New Zealand. Bullish continuation should be expected as we are well into positive territory on MACD indicator.

marazzaq62 Updated 

EURGBP is forecasted to undergo bearish move and this is supported by clear and strong divergence on MACD, formation of triple top and volume spike at resistance level.

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USDCHF had volume supported price reversal from support area. Currently price seems to be completing a bull flag pattern. Long positions maybe opened once we have a breakout from the flag. MACD line is also in positive territory indicating bullish tendencies to prevail.

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EURAUD formed bullish divergence on MACD and triple bottom within parallel price channel and then had a powerful volume driven breakout from parallel. Price is expected to retest the upper bound of parallel channel and then is likely to resume the bull run.

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The formation of butterfly harmonic pattern along with surge in volume at support level suggests crude oil is in bullish mood in long term (4h chart).

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The formation of rising wedge pattern at resistance zone is hinting at forthcoming bearing move. Formation of divergence on Awesome Oscillator can be taken as an added confluence.

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I think EURUSD has completed inverse head and shoulders pattern and is all ready to go super bullish in medium term. In short term we may see correction up to support region but after that EURUSD seem to fly high.

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GBPUSD has seen increase in volume activity and around the same time formed bullish divergence on MACD. It is in the process of completing double bottom pattern as well. All this indicates readiness for a powerful break out of the falling trendline.

marazzaq62 Updated 

EURGBP seems to be on course for a bullish break out from falling wedge pattern on daily time frame. The formation of bullish divergence of MACD lends further strength to bullish forecast for coming days.

marazzaq62 Updated 

USDSEK seems eager for a divergence supported bullish breakout. Price had broken through long term trendline and is currently testing short term corrective trendline. MACD has printed strong bullish divergence so we can expect price to bounce from support and break the short term trendline acting as dynamic resistance.

marazzaq62 Updated 

EURAUD have broken long term and short term trendline plus it also seems to have made double bottom. Currently price is testing the support zone at the base of double bottom. Price is oscillation in short tight range indicating that its gathering energy to print a massive and powerful bullish break out.

marazzaq62

EURGBP seems to be on course for a bullish break out from falling wedge pattern on daily time frame. The formation of bullish divergence of MACD lends further strength to bullish forecast for coming days.

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BTC is forming bearish divergence on MACD signaling we might be in for correction time. Short position should only be opened if price break through the immediate support level as there are chances that one more bullish leg might be printed before correction.

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EURGBP is exhibiting bullish tendencies as it had bounced off from the base of harmonic butterfly pattern and also formed bullish divergence on MACD scale. Both lines on MACD are entrenched above the zero line indicating bullish scenario in short term.