Description: 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...
DESCRIPTION The counter GBPJPY forms an ascending channel. The counter's prices moving between the top and bottom line of the channel from 18th January. The formation of the ascending channel indicates the counter is in a bullish mode. The price is cumulating near the top line of the channel for the past 24hrs. Since the price didn't break the topline, the...
The 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...
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...
Description: 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...
The counter AUDJPY is in the flat-top resistance line from 11th December. Yesterday the counter has broken out the resistance line and it is expected to move even more upwards. Therefore long is more suitable for this counter and the bullish trend is expected to start soon. The upward movement of the MACD curves gives additional support to the description.
The counter EURAUD is in the descending channel from 04th December. Today the counter has made an entry at the price 1.6267 and it started to break the channel.Therefore we can hope to maintain short and the bearish trend may continue further. The price is expected to fall up to S1(1.6223). The downward movement of the MACD curves gives additional support to the...
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...