financialmarketsalgorithms

financialmarketsalgorithms

NZDJPY has broken through horizontal resistance near 80.5 and is now poised to test levels of 83.5/85.5 in the coming months on the back of rising interest rates and increase in treasury yields in NEW Zealand 10 yr. Stop loss for the position is 79.5

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CLX is breaking important supports and is trading near 52 week lows. Lower prices possible in the coming months.

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GBPYJPY broke above resistance and is targeting higher levels.

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Silver is poised to clear resistance near 27.80 and can head toward next swing level near 30$. A move below 24.8 will negate this pattern.

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USDJPY has broken out of resistance near 104.5 levels and is poised to move higher toward the 107/108 levels. stop loss at 103.5.

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Gold appears to be a in a stage of indecision and is trading within a broad range indicated by trendlines. A directional move is possible after a move out of this range.

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GBPUSD is challenging previous resistance and can gain 2-3% from current levels if the Bulls are successful. Targets 1.36/37. Stop loss on violation of lower trendline.

financialmarketsalgorithms Updated 

Silver is now in a profit taking mode now having retraced 38.2% of previous swing. Buyers need to stagger their purchases as the swing highs near 30$ is likely to be revisited.

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There has been a bearish resolution to the congestion pattern in EURUSD. THE SUPPORT AT 1.1740has been broken and the pair can target 1.14/1.15 zone which is a 38.2% fib retracement of the larger swing. The top at 1.20 must be broken for Euro trend to change to Bullish.

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EURUSD is on the verge of a bullish breakout and head for gains of 1.5-2% in the coming weeks. Targets 1.15./1.16. MACD is supportive of bullish trend.

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Gold is bullish above 1289/90. Trade War tensions increase may favor Gold.

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TCS ready to challenge all time high after breaking out of triangle pattern.

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Century ply may be ready for an up move once the resistance zone of 185/190 is taken out. Stock heading toward 230/240 zone. Aroon indicator has signaled a buy.

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A bullish breakout above 413 with MACD supporting. Targets are 470/480 zone within 6 months

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TCS looks set for a decent technical bounce to 2000 plus zone after a decent 15-18% correction from the peak. Trendline support near 1800 levels. Stochastic at oversold levels.

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Gold has cleared immediate resistance near 1220 levels and is poised to move higher toward the 1260/1280 zone between the 50 and 61.8 Fib retracement levels.. SL 1180 levels closing

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EURGBP is starting to show bearish signs with a lower high formation. Bearish view will be confirmed on break of 0.8938. Down move can extend to 0.8875/25. MACD flat to bearish indicating bearish bias.

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MACD divergence building on daily charts may prompt a bullish bounce in Silver to 16/16.25 $.