traderpulse

traderpulse

The counter is in a downtrend forming lower lows consistently. Now, it pulled back only to be resisted by a trendline. Hence, we expect the pair to move down from here.

traderpulse

The counter had formed an inverted cup and handle formation in the 30-min chart. It then broke out and pulled back to test the broken support. Now, its hovering around the broken support and converting it to a resistance. Hence we expect the pair to move down from here.

traderpulse

The counter is in a bearish cycle. The four waves of wave 3 are complete and the wave (v) of wave 3 is due. We expect wave (v) to commence now and move south from here.

traderpulse

GBP/CAD has forming a bearish expanding flag. It has also formed a head and shoulder pattern. And the MACD indicator is painting all red. Hence, we expect the pair to Fall further from here.

traderpulse

The counter formed an inverse head and shoulder pattern in the hourly chart. It broke out and then formed a breakaway gap. The valiant effort to fill the gap was in vain and the pair made a bullish breakout from the flag pattern. Hence, we expect the pair to be bullish and head towards the 82.564.

traderpulse

The counter has formed a bearish gartley pattern. Further, the bullish leg move can be construed as a ABCD pattern. The RSI indicator is lurking in the overbought zone. And a bearish trendline is capping the bullish move. Hence, we expect the confluence of resistance to act together and initiate a bearish move to 1.70397 and 1.69833.

traderpulse

The counter has opened gap up following the weekend. It is in a bearish flag formation and has reached the upper end of the range now. We continue the bearish sentiment to prolong and hence the pair to move to the previous low of 107.800.

traderpulse

The recent release of NFP data has made the rate cut inevitable. And so the dollar index is aligned for a major sell-off. Technically, the index formed a descending triangle pattern in the hourly chart and has rendered a bearish breakout. The MACD indicator is painting all red as well. Hence, we expect the index to fall further from here.

traderpulse

Our bullish view on Gold stays firm and premium have been yielding the fruits. The last analysis on the same yielded a whopping 400+ pips rally in just 2 days. Now, it’s time for our free users to make the most of it. After a vertical up move, the current consolidation is just a wave 4, which is an ABC correction. We expect the bullion metal to skew to the levels...

traderpulse

The counter is in a long-term bear cycle. The flash crash in January marked the end of the wave 3 of the cycle. After a brief ABC correction (wave 4), the counter has commenced its wave 5 move. The bearish move, so far, happened in the past few days is a tip of the iceberg and an avalanche is set to follow. Currently the pair searching for a resistance to end the...

traderpulse

The 2 Hour chart of NZD/CAD has formed a bearish gartley pattern. It is currently facing resistance at 1.618 Fib extension which also interpret as bearish ABCD Pattern. Also, the RSI indicator is lurking below the oversold region. Hence, we expect the pair to move to the support 0.88385 for now.

traderpulse

EUR/GBP is currently hovering near a supportive trendline. Moreover it has taken support at the levels of 0.88650 and formed a bullish engulfing candle. Also, the ROC indicator has crossed into the positive territory. Hence, we expect the counter to be bullish for short term.

traderpulse

The downtrend in the counter is set to continue. The bearish trendline asserts the short-term trend. Hence we expect the pair to head south from here.

traderpulse

The counter is at the brink of a long-term bear cycle. The impulse down move and the corrective up move is a 1-2 wave of a long-term cycle. The toiling wave 2 has been a pain and there was no short-term in counter. However, fundamentals have rendered a clear cue and if the breaks below the bearish flag, it validates our theory. A long-term bearish move is on the...

traderpulse

The overstretched USD/JPY is gaining some traction to the bull side. The bullish ABCD pattern formed indicates a reversal in the counter. And an engulfing bullish candle has formed. The RSI indicator is lurking at the oversold zone, awaiting a bullish crossover. Hence we expect the pair to rise to the resistance level of 109.085.

traderpulse

The counter is consolidating in a descending triangle pattern for the short term. It bounced and tried to break the resistive trendline but its valiant effort was invain. We expect the bearish strength to continue in the counter and so the descending triangle is set to render a bearish breakout, which can spur fresh sell off.

traderpulse Updated 

The counter has formed a bullish gartley pattern. And the down move is also overstretched. The RSI indicator is also indicates it by hovering around the oversold zone. The pair is showing early signs of strength by the formation of morning star pattern. Hence, we expect a pullback in the counter to the resistance of 1.61262.

traderpulse

The recent down ride in the counter marks the end of wave 3. It is consolidating at the lows in the form of a flag pattern, which is the wave 4. And there is still room for more downside in the counter in the form of wave 5. The counter can go down from here or can consolidate a bit more in the form of an upswing. The bias remains bearish to sideways in the...