Description:
The counter XAUUSD’s price started moving upwards in the ascending channel. The formation of the ascending channel indicates the counter is in the bullish trend. The price is still in the channel and there is no indication for a breakout. The buying pressure of the market may pull the price even more upwards. Already the counter is in the bullish...
Description:
The counter AUDUSD is moving between the price range of 0.7691 and 0.7815 in a parallel channel. Both the flat-top resistance and the support base seem to be stronger. Therefore the counter is expected to continue in the parallel channel. Determining the trend is very difficult for this condition. Breakout of the parallel channel will specify the...
Description:
The XAUUSD (gold) is moving between the price range of 1676.98 and the 1756.28. Both the flat-top resistance and the support base are seems to be stronger. Therefore the counter is expected to continue in the parallel channel. Trend trading is very difficult for this condition. Breakout of the parallel channel will determine the trend of the...
Description:
After a fall the counter GBPUSD started moving upwards from 25th March and form an ascending channel. The price is still in the ascending channel and today the counter hit the bottom line of the channel at the price 1.3771. The formation of the ascending channel indicates the bullish trend of the counter and the trend is expected to continue...
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...
DESCRIPTION:
The counter USDCHF was traveling between the price range of 0.9322 and 0.9211 in the parallel channel . Determining the trend of the counter is very tough when it is in the parallel channel . But today the counter breaks the top line of the parallel channel and the buying pressure of the market may propel the price even more upwards. The bullish...
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 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...
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...
Description:
The counter XAUUSD is moving in the parallel channel. The movement of the price is between the price range of 1769.13 and 1960.41. Specifying a particular trend is very difficult when the counter is in the parallel channel. Today the counter has tested the support baseline of the channel and there is no indication for a breakout. The market’s...
DESCRIPTION
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...
Description:
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...
Description:
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...
Description:
The counter XAUUSD was in the resistance trend line from 01st February. The support trend line has been tested twice at the prices 1869.76 and 1874.62. Today the counter breaks the trend line at the price of 1841.90 and it is expected to move upwards. Therefore long is more preferable for this counter and the bullish trend is expected to continue...
Description:
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...
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 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...
