traderpulse

traderpulse

The AUD/JPY pair has formed a bearish bat formation. It is currently facing resistance at 75.500. Hence we expect the pair to move towards the support level of 74.779.

traderpulse

The 4-hour chart of USD/JPY is currently in a downtrend making lower lows and lower highs consistently. It is also in a descending channel and is currently trading around its resistive trendline. Hence we expect the bears to exert selling pressure further from here.

traderpulse

The counter is in an ascending channel formation. Now, the pair is taking support at its trendline. Also, the Euro zone data is showing some signs of a comeback recently. Hence, we expect the pair to take support at the trendline zone and head higher from here.

traderpulse

The counter is in a long-term bearish trend. However, the short-term trend suggests a short-term sideways trend. The range is defined in a bearish flag formation and it is the wave 4 of the bearish cycle. We expect the pair to wither the sideways trend upon reaching the resistive trendline and restart its bearish trend.

traderpulse Updated 

The negative vibes in the counter is palping. It completed its wave 4 and has resumed its downtrend again. Further, it has broken the support of 1.25000 zone. The MACD has just regained its bearish momentum. Hence we expect the pair to head lower from here.

traderpulse Updated 

The counter is in a bearish flag formation. It has completed two leg of its movement and it has one more leg due before the breakout. It is currently at its support trendline and the RSI indicator is lurking at the bottom. Hence, we expect the pair to gain momentum and head to the resistive trendline.

traderpulse Updated 

The counter had broken its immediate trendline. It then followed it up with a short rally and is now consolidating in a flag pattern. Also, the dollar is set to lose some of its gains post FOMC news release, as the odds of rate cut are increasing. Hence, we expect the pair to make a bullish rally, if at all a short-term correction.

traderpulse Updated 

The counter went off the cliff after a bull run. Though the counter has covered its lost grounds, the move is not as convincing as the previous bull rally. It looks like a bearish expanding flag and the RSI indicator is roofed by the overbought zone. Also, the counter has formed a head and shoulder pattern with right shoulder still under construction.

traderpulse

The index took a dive on speculation on double rate cuts. However, the Fed members are not dovish as the market. So, the market is set to correct its bearish over run. Technically, the pair has bullish ABCD pattern which could trigger a deep correction. Also the MACD indicator is tapering its bearish bias and could cross to bullish zone anytime soon. Hence, we...

traderpulse

The counter is in downtrend. And it is currently consolidation after a long bear run. It has completed its wave A and B of the flat correction. We expect the wave C to move up to 161.8 extension of AB which also coincides with a price action resistance.

traderpulse

The counter is in a bull cycle, making higher highs continuously. A trendline can be drawn as well connecting the higher lows. And now the pair is hovering around the trendline and taking support. We expect the rally to continue further and the pair to cross the recent high.

traderpulse

The counter is in a consolidation mode within a bearish cycle. It is consolidating in a flag pattern, which can be construed as an ABC correction, but with a bearish bias. The pair is currently in a close vicinity to a strong resistance zone. Further, the RSI indicator is capped by the overbought zone. All the factors point to a reversal and we expect a strong...

traderpulse

The growing optimism in the bullion counter is set to stoke up demand for the Silver. Although it was in a downtrend for the most part of 2019, it found a profound demand when things started to get for the US dollar. Now, it has formed a higher high formation, a technical indication for the metal’s buoyed sentiment. The trendline drawn could act as a support as...

traderpulse

The counter is in a bearish cycle. The wave 2 was a deep correction, retracing almost to the origin of wave 1. So, wave 3 is a strong wave and it hasn’t completed its formation. The critical support of 0.68803 has been broken recently and it was tested with a pullback as well. It offered and nudged back the pair to create a new low. We expect the counter has legs...

traderpulse

The counter was in a consolidation mode after a steep downfall. It consolidated in a triangle wave and has now broken out of the formation with an impulse candle. Hence, we expect the pair to head south from here.

traderpulse

The fed has conveyed its intentions, so the bulls are in full form in the counter. The pair has just completed its one full bull and bear cycle, which we expect it to be a 1-2 wave. Third wave which is the longest among the cycle of the waves has commenced and we expect it to clear the high of 1.13400 and navigate further. Hence, we maintain a bullish view on the...

traderpulse

The bullion metal has formed an inverse head and shoulder pattern in the short term charts. It has broken the neckline with a strong candle as well. Hence, we expect the counter to be bullish for the short-term and move higher from here.

traderpulse

Crude oil is just in a corrective mode. After the completion of wave 3, it is correcting in the form of an ABC wave to complete the wave 4. We expect it to rise and find resistance around the zone of 55-56 and then topple down to form a wave 5 from there.