traderpulse

traderpulse

After a spike from the lower levels, NZD/USD is currently in an ascending triangle pattern. It suggests the strength of the trend. Hence we expect the pair to move to the resistance at 0.69385. However, we recommend traders to take positions only after the bullish breakout ensues.

traderpulse

AUD/USD has formed a double bottom pattern in the 30-min chart. It also broke its critical resistance at 0.71084 and is now testing it. We expect the pair to take support and trade with a bullish bias for the short term.

traderpulse

USD/JPY is on an upward trajectory movement with sustained pressure from the bulls. According to Murray math lines 110.925 is the overbought zone. We anticipate the zone to render selling pressure which could initiate a profit booking rally. Hence it could be a good entry point to initiate short positions.

traderpulse

The fibo circles in EUR/NZD suggest that the pair is in a strong support zone. Also it has formed a double bottom pattern, followed by a strong up move, then by a bullish flag pattern. Hence we expect the pair to take support around this zone and continue its bullish move

traderpulse

The intraday pivot level of 1.32950 resists the pair vehemently. The next support is at the region of 1.32630. Hence we expect the pair to move to the support zone for intraday.

traderpulse

CAD/JPY broke its bullish trendline with a strong impulse move. It is currently testing its broken trendline which also coincides with a resistance. Hence we expect the bears to hop in to the counter here and take the price downward.

traderpulse

After a stellar steep up rally, the index has met his resistance at 96.68. A long bearish engulfing candle has formed in the 4-hour charts signifying entry of bears. Hence we expect the index to retract to the support level at 95.91.

traderpulse

EUR/JPY is currently in an ascending channel formation. It is also at its supportive trendline now. Hence we expect the pair to take support here and move to the resistance trendline.

traderpulse

Copper is at a critical price action resistance of 2.84158. It has strong rejection formations of inside out candles and bearish pin bar at the resistance. Hence we expect the metal to face selling pressure retract downside.

traderpulse

EUR/AUD has broken out of a falling wedge pattern in the 4-hour chart. We expect the pair to pullback to test the broken resistance. We’ve identified the support at 1.58567 as an entry point for long trade and expect the counter to race towards the resistance at 1.61621.

traderpulse

GBP/USD has made a double bottom pattern in the 30-min chart. It has also broken the key resistance at 1.29615 and is now re-testing it. Hence we expect the pair to take support and move to the resistance level at 1.30307.

traderpulse

BTC/USD has formed a falling wedge pattern. It has moved past its resistive trend line now. Hence we expect the pair to be bullish for short term and move to the resistance at 3833.1.

traderpulse

CHF/JPY has formed a descending channel pattern. It is currently resisted by the resistive upper trendline. Hence we expect the pair to move to its supportive trendline from here.

traderpulse

EUR/USD has formed a falling wedge pattern in the 1-hour chart. It is currently in its last leg move and we expect it to render a bullish break out. Hence traders can go long anticipating a move to the resistance at 1.15020.

traderpulse

CHF/JPY has broken a critical support of 109.478. We expect a mild pullback to retest the broken support. Hence traders can go short on pullback expecting a move upto 108.970.

traderpulse

Dollar is currently in a bear cycle and forming its wave C in the daily chart. It is crossing its 200-SMA insinuating further weakness ahead. The next support for dollar is at 93.85 where it could make a pit stop. Traders can initiate shorts to captivate the bearish momentum.

traderpulse

EUR/NZD has broken its bearish trendline in the 1-hour chart. It has also broken the key resistance of 1.66908 and is consolidating with small range bound movements. Hence we expect the pair to continue its bullish momentum and reach the resistances at 1.67627 and 1.68098.

traderpulse

USD/JPY is currently in a range bound move in the 1-hour chart. It is at its lower end of the range and forming a bullish flag pattern. Hence we expect the pair to move to the upper end of the range.