Crude oil has broken past support level in short term 15min tf and Awesome Oscillator has also crossed over into bearish zone. Further bearish move is expected after retest of previous support layer.
USDCHF completed a pull back to 61.8 percent of bearish impulsive move and faced aggressive rejection from there. Price seems to have broken down from head and shoulders pattern to resume a long term bearish trend.
AUDUSD seems to have completed a bullish crab pattern on daily TF. We can expect aggressive bullish rally off the support base of crab pattern. We have already seen price breaking above a recent sideways range. Now price seems to be pulling back to retest the support base and then is expected to continue with the bull run.
GBPCHF has broken out of falling wedge pattern and climbed over bearish super trend range as well. We can expect it to go bullish now.
Natural gas seems to be in the process of forming double top on daily TF. The volatility is high and we can clearly spot bearish divergence on RSI graph. This suggests we may see retracement up to key support zone.
EURGBP seems to ae swept buy side liquidity with in rising wedge pattern. Price broke down from rising wedge, retested the lower bound of pattern and then broke down again to resume bearish move. Bearish trend is expected to continue in coming days.
EURUSD as formed double bottom exactly after retracing 61.8% from top of bullish impulse. It has also broken through descending trendline suggesting continuation of bullish trend in short term.
Crude oil seems to be completing the phase of accumulation within falling wedge. Now it seems ready to break out of falling wedge and resume the uptrend. A bullish divergence on RSI also supports this assessment.
DXY seem to be accumulating energy for breaking out of descending triangle after re-testing the support base of triangle.
EURGBP broke out from descending trendline and continues to trade in sideways direction. The formation of descending triangle with in sideways channel suggests bounce off from key support line and then bullish breakout from triangle.
Crude oil has broken out of descending trendline and is about to test key supply zone. Pullback to retest the falling trendline is expected before bullish continuation.
EURGBP has pulled back from bullish impulse to a key support zone within double bottom structure. Expecting bounce back for bullish continuation from here.
AUDCAD has broken out from falling wedge and seems all set to go bullish
Time to go long on EURGBP as price has broken out of falling wedge and approaching a key support level.
Ethereum broke out of descending trendline and formed a bullish flag pattern. The price has retraced to test key support zone (base of flag pattern). Price has bounced from this zone several times in the past (denoted by circles) and is expected to go bullish again.
Aluminum has kissed the falling trendline on daily time frame. Time to short. Price has shown reaction to this zone several times in the past as indicated b circle zones.
AUDCAD has broken through descending trendline for the second time with good momentum. Hope it will sustain bullish momentum from support zone.
Price has reached a supply zone and from here we can expect a pull back to support level.