The counter GBPUSD was travelling in the resistance trend line from 30th April which has been tested at the price twice at the prices 1.2467 and 1.2297. On 19th May the bearish trend came to an end by breaking in the resistance trend line at the price 1.2258.
Now the current trend is bullish and the counter is travelling in the ascending channel. We prefer going...
Hello Trader, Here is the full analysis of USDSGD :
1) On the 4hr chart we can see it as formed Cypher pattern and possible reversal expected.
2) Price is in a strong support zone and can test this zone for up move and if it respects this zone one can expect up move in the stock .
3) If it breaks the support then wait for the next retracement downside to take...
Hello Trader, Here is the full analysis of CADSGD :
1) On 1hr chart we can see it as formed crab pattern and possible up move expected.
2) There is a strong support at 1.02655. Watch out these levels before taking a intraday long call.
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The counter NZDJPY is travelling in the support trend line from 18th May which has been tested twice at the prices 65.64 and 66.34. The counter is in the bullish trend and it is expected to continue for a couple of days, so long is preferable for this counter. The stochastic indicator curves also moving towards to the level 80 i.e. the counter is in the bullish trend.
There is a possibility of breakout on either side on CADCHF D1 chart, be ready for both the possibilities to gain a minimum of 100 pips, most probably it’s going to break downside, but we always suggest to trade with breakouts, and exit the trade when the heiken ashi candle turns to the opposite color, no need of TP, just keep trafi long your SL
British pound against Dollar , have been travelling down most of the May month.. End of the month it looks to finish lower around 19500,
Expecting the price may go higher at the starting of June Ist week. till that it looks like controlled by bears.
USD against Japan yen pair, looks in control of sellers this week..108.00 has stays as a strong resistance zone for long time.. it may retest the area of 106.750 and reverse up at the final stage of the week.
NZDUSD pair has been trading inside a broadening triangle pattern since starting of May, it seems like close with bearish movement at the last week of the month, might me it will take of from the price of 0.58500.. this week we can expect a bearish rally ..
Anticipation over XAUUSD reach of 1800 have been exceeding among the traders, Its proved that a Resistance area is there around 1750, in spite of last week break out till 1760. Fails to go up and again retested 1716 last week.
Reversal bar in Weekly chart shows gold may retest down area around 1710.. close to the weekend and Month end Gold starts the journey of...