Description:
After a continuous fall for the past 30 days, the counter XAUUSD’s price started moving upwards and form an ascending channel from 12th March. The formation of the ascending channel indicates the counter is in a strong bullish trend. The previous entry of the counter was at the bottom line of the channel at the price of 1698.87. The buying mood of...
Description:
The counter NZDJPY is in the parallel channel from 08th March. The price is moving between the price range of 78.06 and 77.14. The flat-top resistance and the support baseline have been tested twice. Identifying the trend of the counter is very difficult when it is in the parallel channel. Swing trading is more preferable for this counter. Stop loss...
DESCRIPTION
The counter AUDCAD forms a descending channel . The counter's prices is moving between the top and bottom line of the channel from 05th February. The formation of the descending channel indicates the counter is in a bearish mode. The price is accumulating near the top line of the channel for the past 24hrs. Since the price didn't break the top-line,...
Description:
The counter GBPUSD is moving upwards in the support trend line from 11th January. The counter has tested more than twice on the support trend line . The previous entry of the counter is at the price of 1.3651. Since then there is no indication for a breakout or a trend reversal. Therefore long is more preferable for this counter and the bullish...
The counter CADJPY is in the resistance trend line from 25thNovember which has been tested twice at the prices 80.49 and 80.25. Today the counter has made an entry at the price 80.25 and it started moving even more downwards. It’s the right time to go for a short and the bearish trend will continue further. The stochastic indicator curves started...
The counter AUDJPY is in the ascending triangle from 26th November. A flat-top resistance line and a support trend line together forms an ascending triangle. Today the counter has made entry in the support trend line at the price 76.49 and it'll be the right time to place your positions. The price is moving upwards, which means long is preferable for this...
The counter EURNZD is traveling in the descending channel from 18th November. Therefore short is very suitable for this counter and the bearish trend will continue further. The price is moving even more downwards and it is expected to move until 1.6947.Till now there is no indication for a break out of the channel. If the price breaks the top line of the channel,...
