traderpulse

traderpulse

The steep downhill move has hit a saturation point. RSI indicator has no room for movement at 30 level mark and prices consolidating around the range of 0.65000. Moreover the counter has formed a bullish bat pattern. Hence, we expect the pair to the levels of 0.65897 and 0.66515.

traderpulse

The counter is currently in a strong support area of trend zone. After a strong rally, the counter went through a time correction as well. Time correction, instead of price action, is a powerful signal that there is more up move in the counter. Also, the RSI indicator, is showing a divergence in price action at the lows. Hence, we expect the pair to move up from here.

traderpulse

The downward momentum in the counter has subdued. However, instead of making a bullish correction, the pair is going in a descending channel formation and the lower high formations are continuing. The recent upswing in the counter has been capped by a resistive trendline and the bearish divergence has formed in the RSI indicator as well. Further, if the trade war...

traderpulse

Last year we made a bonanza of 800+ pips in the same counter in the wave A. Now it's time to party with wave C. The wave B has corrected in the form of an ABC correction. It is now at 50% retracement of wave A, however it may extend upto 61.8% also. The pair can make a long-term dive from here. However, if you do want to precise entry and exit points, join our...

traderpulse

The dive in the crude oil has resulted in the formation of bullish ABCD pattern. The pattern is gaining support and the bearish pressure has stalled. Moreover, the RSI indicator has made a bullish crossover as well. Hence, we expect the counter to move to the levels of 60.35 to test the broken support.

traderpulse

The counter is in corrective mode after the deep plunge. It has completed its wave a and b, and commenced its wave c. We expect the pair to trade with bullish bias for the short-term.

traderpulse

The counter has formed a bearish reversal head and shoulder pattern. It has broken the neckline as well. So, we expect the pair to head to the support level of 1.34204.

traderpulse

The CHF/JPY pair has formed a double top pattern. It has now made a lower high formation and crossed the support at 109.140, which indicates the beginning of downtrend. The MACD indicator also confirms the set up by moving on the bearish terrain. Hence, we expect the pair to move to the support level at 108.370.

traderpulse

The counter formed a double top pattern and broke the critical support level of 1.01187. Then it made a bullish correction in the form of a bearish flag formation. The broken support of 1.01187, proved to be a tough nut and capped the price action. Now, the pair has broken out of the bearish flag formation, by forming a double top pattern. We expect the resistance...

traderpulse

The range bound move in the counter is set to continue. The price is currently hovering around the lower end of the range. We expect the pair to bounce back from here to the resistive trendline.

traderpulse

The tussle between the neighbours, Antipodeans and Kiwis, is set to continue as they stay in the range 1.07149-1.05254. The pair took support at the lower end of the range and formed a descending triangle pattern, which should’ve yielded a bearish continuation. However, the pattern was broken to the upside with a gap, thanks to Australian election news. The...

traderpulse

The counter saw two critical events back to back - The Australian election and the RBA minutes. Both presented diverged trade ideas and the market embraced with open heart. The gap up move which failed to hold the momentum amid RBA minutes has fallen back to its lows. And the setup is likely a Bullish Bat pattern. The stochastic indicator has flattened at the...

traderpulse

EUR/AUD is in an ascending channel formation. The pair has formed a morning star pattern now. Further the area confluences with a critical price action level. Hence we expect the pair to move to resistive trendline from here.

traderpulse

The immediate trendline has been broken in the counter. The break out was with a gap which further bolsters the case for reversal. RSI indicator which was hovering around the 40 level mark has spiked up indicating a positive bias. Hence, we expect the pair to move higher from here.

traderpulse

The 4-hour chart of AUD/USD has formed an AB=CD Pattern. It is currently at the 1.618 Fibonacci extension of BC, which can act as a strong Support. As the pattern indicates this is a potential profit booking zone and the pair would also find support at this zone. Also, the RSI indicator is lurking below the oversold region. Hence we expect the pair to be bullish...

traderpulse

The index is in an ascending channel in the hourly chart. It hit the resistive trendline and has made a double top pattern. Also, the RSI indicator has signaled topping out by crossing the 70 level mark from above. Hence, we expect the pair to move to the support trendline for now.

traderpulse

EUR/CAD has coiled into a narrow range. Within the coil, the pair has broken a critical price action support level. Hence, we expect the pair to move to the bottom end of the range, 1.49249 level.

traderpulse

The oversold kiwi at last showing some signs of profit booking. The counter has broken out of a falling wedge pattern. In the due process, it also made a higher high and higher low formation. Also, the MACD indicator is showing tradction towards the buy side. Hence, we expect the pair to move higher from here to the resistance of 72.680.