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XAUUSD(GOLD) - BEARISH TREND Description: The counter XAUUSD is in the descending triangle from 31st March. The support baseline at the price 1676.48 and the resistance trend line at the prices 1755.62 and 1745.98 together form a descending triangle. Today the price is moving near the resistance line and it is expected move downwards. The bearish trend of the counter may continue further in the counter. The curves of the stochastic indicator are at the level 80 which gives additional support to the description. The major levels for this counter are R2 –1746.72 R1 –1738.10 PP –1721.92 S1 –1713.30 S2 –1697.12
OANDA:XAUUSDLong
by WohlstandMarketsLimited
NZDCAD - SHORTDescription: The counter NZDCAD forms a peculiar chart pattern, the head and shoulder formation from 26th February. The high at the price of 0.9328 forms the head and the two lower highs around the price of 0.9255 form shoulders. The neckline is the core of this pattern at the price of 0.9204. This pattern is very supportive of the bearish trend. Yesterday the counter broke the neckline of the head and shoulder. Therefore the price is expected to move downwards and the bearish trend is expected to continue further. The curves of the MACD indicator give additional support to the description. The major levels for this counter are R2 –0.9288 R1 –0.9237 PP –0.9205 S1 –0.9154 S2 –0.9121
Short
by WohlstandMarketsLimited
EURCAD - BEARISH TREND DESCRIPTION: The counter EURCAD is maintaining its price below the flat-top resistance line at the price of 1.5379. The resistance line has been tested twice . Today the counter hit the resistance line and the price started falling downwards. The resistance line is very strong so that the counter can't able to break the line. The downpour of the price indicates the bearish trend of the counter may continue further. The stochastic indicators are at level 80 which gives additional support to the description. Major Levels of this counter: R2 - 1.5453 R1 - 1.5416 PP - 1.5353 S1 - 1.5317 S2 - 1.5254
Short
by WohlstandMarketsLimited
3
USDCHF - SWING TRADEDESCRIPTION The counter USDCHF is traveling between the price range of 0.8940 and 0.8890 in the pennant. Determining the trend of the counter is very tough when it is in the pennant. But the buying pressure of the market may propel the price even more upwards. Hence there is possible of breaking the top line of the pennant. The bullish trend is expected to start soon for this counter. The MACD indicator curves started moving upwards which gives additional support to the description. The major levels for this counter are R2 –0.8967 R1 –0.8944 PP –0.8908 S1 –0.8885 S2 –0.8849
by WohlstandMarketsLimited
USDJPY PREFER LONGDescription: The counter USDJPY forms an ascending channel on 05th February. Since the price is maintaining in the channel and it is still moving upwards. The previous entry of the counter was at the bottom line of the channel at the price of 104.40. The formation of the ascending channel indicates the buying mode of the market. The bullish trend may continue further. The MACD indicator curves give additional support to the description. Only if the counter’s price breaks the bottom line of the channel then there may be a chance of trend reversal. The major levels for this counter are R2 –105.41 R1 –105.17 PP –104.94 S1 –104.70 S2 –104.46
Long
by WohlstandMarketsLimited
EURCAD-LONGDescription: The counter EURCAD started moving upwards and form an ascending channel. Since the price is maintaining in the channel and it is still moving upwards. The previous entry of the counter was at the bottom line of the channel at the price1.5369.The formation of the ascending channel indicates the buying mode of the market. The bullish trend may continue further. The MACD indicator curves give additional support to the description. The major levels for this counter is R2 –1.5430 R1 –1.5409 PP –1.5392 S1 –1.5371 S2 –1.5354
Long
by WohlstandMarketsLimited
NZDCAD - LONGDescription: The counter NZDCAD started moving in an ascending triangle .A support trend line tested at the prices 0.9037 and 0.9135 and the flat-top resistance line at the price 0.9229.The price is moving near the top line of the triangle and it is expected to break the line. Buying pressure of the market may pull the price even more upwards. If the price breaks the top line of the channel then the movement of the price will be even more aggressive.Long is more preferable for this counter and the bullish trend may continue further.The MACD indicator curves gives additional support to the description. Major Levels For This Counter Are: R2 –0.9246 R1 –0.9222 PP –0.9196 S1 –0.9172 S2 –0.9146
Long
by WohlstandMarketsLimited
US30-SHORTDescription The counter US30 falling in the resistance trend line from 26th January. The trend line has been tested more than twice at the price of 31138.1,30891.8 and 30818.4. Today the counter hit the trend line at the price 30818.4 and it started moving downwards. Therefore short is more preferable for this condition and the bearish trend may continue further. The curves of the stochastic indicators are at level 80 which gives additional support to the description. If the counter breaks the trend line then there may be a chance for a trend reversal. The major levels for this counter is R2 –31239 R1 –30974 PP –30571 S1 –30306 S2 –29903
OANDA:US30USDShort
by WohlstandMarketsLimited
USDCHF - LONGDescription: The counter USDCHF started moving in an ascending triangle.A support trend line tested at the prices 0.88391,0.88682 and 0.88357 and the flat-top resistance line at the price 0.89256. The price is moving near the top line of the triangle and since then there is no indication for a breakout. Buying pressure of the market may pull the price even more upwards. If the price breaks the top line of the channel then the movement of the price will be even more upwards.Long is more preferable for this counter and the bullish trend may continue further.The MACD indicator curves gives additional support to the description. Major Levels For This Counter Are: R2:0.8941 R1:0.8913 PP:0.8891 S1:0.8864 S2:0.8842
Long
by WohlstandMarketsLimited
XAGUSDThe price of the counter XAGUSD is moving downwards in the resistance trend line. Already the counter has been tested thrice at the prices 26.111,25.793 and 25.475. The price is still maintaining below the resistance line and there is no indication for a breakout. The selling mood of the market may drag the price even more downwards. Short is more preferable for this condition and the bearish trend may continue further. The MACD curves started moving downwards which gives additional support to the description.
OANDA:XAGUSDShort
by WohlstandMarketsLimited
XAGUSD - LONGDescription: The counter XAGUSD look to form an ascending triangle. A flat-top resistance @ 27.40 and trend line support around 26.00 to 26.15 together form the ascending triangle. Today the counter is looking to break the resistance line @ 27.40. Prices trading a couple of hours above this level might push the counter to further highs. A price accumulation around the resistance line might get the counter a bit stronger for upper moves and for the bullish trend to stay intact. We look for buys to take a ride, once the resistance breaks and make the counter bullish till 28.80 to 29.00 levels. The trend line holds as the major support for the bullish trend to continue. Only a break of the trend line might possibly reverse the trend for a reverse mode. The major levels for this counter are R2 – 28.00 R1 – 27.58 PP – 27.15 S1 – 26.73 S2 – 26.29
OANDA:XAGUSDLong
by WohlstandMarketsLimited