JPYINR currency spot pair has formed a head and shoulders bottom on the 4H time frame. The price broke out of the resistance line today. It would make sense go long on a retracement back to the trendline for a measured move target of 0.60 on the spot pair.
As per my understanding, the stock has faced a bearish run and is now in the accumulation zone. My analysis here is, there will be a uniform movement for some more time and then will follow with a retest and a markup. No, I have not fixed any targets whatsoever. But, you can do it with the help of fibs or manually tracing the previous resistances (strong resistance only)
BTC formed a symmetrical triangle on 4H timeframe and currently it's retesting the support. On chart I have drawn some levels and have given the appropriate heading, so I thing it's very clear what I'm saying.
Target - approx. 68k
I have another idea on 1H timeframe.
A head and shoulders possibly in production. Once OXT attempts 0.75-0.80 range, will a re-visit to the 0.25-0.30 range be in June? Looks to be a nice bearish BAT pattern that started forming around April 17 which may take us back to the 0.70s between May 5-8 before we begin to make a descent back down. What are your thoughts?
This information is not financial...
Hello traders, hope you are having a pipfull week.
So here is our analysis on USDCAD.
As we can see that the pair is moving in the channel and consolidating
fo a period of time now, so its good to wait for the pair to break from the
channel. Its currently at the support zone and will fall a bit till the support of the
it will be interesting...
FX:EURUSD Buy around 1.1040 with SL at 1.1025 and three potential targets.
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly
TCS is taking support at its short term swing high, also the trend is up and the trend line is also acting as a support. But if it breaks 2065, the next supports are 2010 and 1980. Until then its a long for short term. The volumes are also decreasing which indicates that the pullback is not strong. Favourable exit polls also suggest the market will perform better...